Many people believe prepaid tuition plans are safe because they are guaranteed by the sponsoring state. Unfortunately, as this video describes, this is often a dangerously wrong assumption.
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Wayne Firebaugh is a Certified Public Accountant and CERTIFIED FINANCIAL PLANNER™ Practitioner. He is a member of the National Institute of Certified College Planners and the only Certified College Planning Specialist in southwestern Virginia. Wayne began his practice nearly ten years ago and now serves as the president of Wayne Firebaugh, Inc., a Registered Investment Advisory firm. He does not receive commissions from the sale of any investment or insurance products. As a fee-only planner, he provides objective advice to families looking for better ways to invest and pay for college.