Efficiently spending 529 plan funds

By Mike Switzer

Published August 6, 2024 at 6:30 AM EDT

Anne Marie Ashworth, certified financial planner with Abacus Planning Group in Greenville, S.C.

Let’s say you’ve saved diligently in a 529 plan for your child’s education and the time has now come to begin spending that money. Our next guest says there remains a considerable amount of confusion regarding which education expenses qualify. Mike Switzer interviews Anne Marie Ashworth, a certified financial planner with Abacus Planning Group in Greenville, S.C.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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