. >> senior officer jeff torres, you want to talk about investing in a certain plan. let's ask about that. >> since becoming parents in the last year, my wife and i have been concerned about the forecast for higher education. in 17 years they're practicaling $400,000 to shell out. what i've done for the first year is invested in my state's 529 plans. i was wonder what your thoughts are on state or federal plans. >> 529 plan is a college savings plan. you can put money into it. all the money grows tax-free. as long as the money is used for college, all the earnings are tax-free. so it is the absolute best vehicle to save for college. and so you're doing the right thing. what state plan are you? >> virginia. actually, i made a decision to remain a virginia resident exclusively for their education benefits. >> let me tell you something about virginia. virginia is one of the states that has multiple 529 plans. and there are good 529 plans in virginia and bad ones. so i have a guide on my website, which is clarkhoward.com, where you can do the hyperlink and make sure the v

. >>> all right so senior officer jeff torres is a candidate.ou want to talk about investing in a certain plan. so let's ask about that. >> since becoming parents in the last year, my wife and i have been concerned with the forecast for higher education in about 17 years. forecasting about $300,000 we'll have to shell out. so what i've done for the first year is invested in my state's 529 plan. i was wondering what your thoughts are about 529 plans or other state plans that i don't know about. >> it's a college savings plan, you put money into it all the money gross tax-free as long as the money is used for college. all the earnings are tax-free. so it is the absolute best vehicle to save for college. and so you're doing the right thing. what state plan are you in? >> virginia. and actually, we made a conscious decision to remain a virginia resident exclusively for their education benefits. >> let me tell you something about virginia. virginia is one of the states that has multiple 529 plans. and there are good 529 plans in virginia and bad ones

senior officer jeff torres, he's a candidate. you want to talk about investing in a certain plan. about that. >> since becoming parents in the past year my wife and i have been concerned with the forecast for higher education. what i've done for the first year is invested in my state's 529 plan. i was wondering what your thoughts are on 529 plans or other state or federal plans i might not know about. >> it's a state college savings plan. you can put money into it and all the money is tax free as long as the money is used for college. all the earnings are tax free. so it is the absolute best vehicle to save for college. and so you're doing the right thing. what state plan are you in? >> virginia. actually, i made a conscious decision to remain a virginia resident almost exclusively for their education benefits. >> let me tell you something about virginia. virginia is one of the states that has multiple 529 plans. and there are good 529 plans in virginia and bad ones. so i have a guide on my website which is clarkhoward.com where you can do the hyperlink and make sure the virginia

so senior officer jeff torres, you want to talk about investing in a certain plan.et's ask about that. >> since becoming parents in the last year, my wife and i have been concerned about the forecast for higher educations. so what i've done for the first year is invested in my state's 5 9 plan. i was wondering what your thoughts are on 5 9 plans or state and federal plans i don't know about. >> 529 is a college savings plan. you can put money into it, and all the money grows tax-free. as long as the money is used for college. all the earnings are tax-free. so it is the absolute best vehicle to save for college. and so you're doing the right thing. what state plan are you? >> virginia. actually, i made a conscious decision to remain a virginia resident almost exclusively for education benefits. >> let me tell you something about virginia. virginia is one of the states that has multiple 529 plans. and there are good 529 plans in virginia and bad ones. so i have a guide on my website, which is clarkhoward.com where you can do the hyperlink and make sure that the virgin

. >> so senior officer jeff torres. >> in the last year my wife and i have been concerned about the forecast in education and $300,000 to shell out. what i've done for the first year sin vested in my state's 529 plan. what is your opinion on 52 # plans or other state plans that i don't know about. >> it's a college savings plan that you can put money into it and all of the money grows tax free as long as the money is used for college. all of the earnings are tax free so it's the best vehicle to save for college. what state are you in. >> in virginia. we've remained a virginia resident almost exclusively for those reasons. >> virginia is some one of the states that has multiple 529 plans. and there are good 529 plans in virginia and bad some ones. so i have a guide on my website, which is clarkhoward.com where you can do the hyper link and make sure that the virginia plan that you are in is the good some one, not some one of the bad some ones. >> this is colonel retiring from the firm, about five years from retirement. and she has a question about coming up on retimplt. >> good afternoon, sir

. >> jeff torres is a candidate. you wanted to talk about investing in a certain plan. let's ask about that. >> since becomes parents in last year, my wife and i have been concerned with the forecast of higher education. 17 years from now forecasting $300,000. one of the first year i invested in state's 529 plan. wondering what your thoughts are on on state and federal plans that i don't know about. >> whats a 529 in. >> a college savings plan. put money into it and all of the money grows tax-free as long as the money is used for college all of the earnings are tax-free. so it is the absolute best vehicle to save for college. and so you're doing the right thing. what state plan are you? >> virginia. actually made a conscious decision to reman a virginia resident exclusively for the education benefits. >> let me tell you something about virginia. virginia's one of the states that has multiple 529 plans and there are good 529 plans in virginia and bad ones. i have a guide on my website which is clark howard.com where you can do the hyper link and make sure that the virgin