Does that change the saving hierarchy for parents? I mean, which do you prioritize if you can't put money into both?

So that's a really great question.

I think a Trump account should be looked at as a wealth building account, an early retirement plan.

It should not really be looked at for an education savings plan.

So for those who are going to get that seed money, you absolutely want to get that free money, that thousand dollars.

Today, there's about one point seven million people who have already gotten that.

Right.

the number one question you get on a road working for J.P. Morgan? What's the number one question in seminars you get?

Does that change a saving hierarchy for parents? I mean, which do you prioritize if you can't put money into both?

So, so that's a really great question.

I think a Trump account should be looked at as a wealth building account, an early retirement plan.

It should not really be looked at for an education savings plan.

So for those who are gonna get that seed money, you, you absolutely wanna get that free money, that $1,000.

Today there's about 1.7 million people who have already gotten that, right? And so there's a lot more that are eligible.

So you wanna get that seed money for sure.

Oh.

The

average beneficiary is started around six or seven, because think about it.

That's when a child really gets educated.

They're in kindergarten, first grade, and they're like, wow, my child is going to school every day.

Yeah.

So that's the average.

What we're really trying to do is get people to start earlier because those six years are big years that you're missing out on the whole benefit of a 529 account.

How have you seen it evolve, these plans over time?

Um, and specifically, is it ever gonna become more affordable, or are we just set for price increases until eternity?

Uh, I wish I could tell you that I thought it was gonna become more aff- affordable.

It's, it's, you know, it actually is the greatest cost that a family, um, I mean, deals with day in and day out.

Uh, I mean, the inflation on tuition is tremendous.

So it's anywhere between 5 and 7% a year.

I, I, again, I wish I could tell you that I think it's going to happen.

You would think at some point it would, um, but we have not seen it.

Mm.

Give, give us an update on the insanity of the college process as you see it at JP Morgan.

Morgan.Yeah, the, the process is insanity.

And, and I love that you mentioned the international schools because they are, are certainly more cost-effective.

And, and as I mentioned earlier, I had a nephew that went to St. Andrew's and did tremendously well.

You know, I wish I could tell you that I thought costs were coming down.

They are not coming down.

They historically have never come down.

Yeah.