The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

529 plans — tax-advantaged accounts for education expenses — are the go-to tool for college savers. Offered in nearly every state,2 they grow tax-deferred and allow tax-free withdrawals.3 They’re also preferable to custodial brokerage accounts, which count as a student’s assets and can hurt financial-aid eligibility.4 The biggest edge of a 529 is flexibility. A 529’s beneficiary can be changed easily, so parents or grandparents5 can open one before a child is born, then update the beneficiary later on. If one kid skips college, the account can be reassigned to another child — or even to yourself.

For more, Carol Massar Tim Stenovec speak with Ann Garcia, CFP and Wealth Advisor at The Mather Group

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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX has made history with the biggest-ever IPO ever after opening at $150 per share, 11% above its offering price after the stock began trading on the Nasdaq on Friday. The listing values the rocket and AI-company that Elon Musk founded at roughly $2T, with his own fortune now standing at nearly $1.05T. Top guests across Bloomberg Businessweek Daily share their thoughts on the historic IPO.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:

• Bailey Lipschultz, Bloomberg News IPO Reporter
• Max Chafkin, Host 'Everybody's Business' on Elon's world
• Anthony Hughes, Bloomberg News US ECM Reporter and Nic Colas, DataTrek Research Co-Founder on StarLink combining with Tesla
• Ross Gerber, Gerber Kawasaki Wealth & Investment Management, President and CEO

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