In this episode of The Dive Locker Podcast we learn how professional certifications and membership renewals may be included in Tax Free 529 Savings Accounts with Tom Ingram.
Welcome To The Show!
Welcome to The Dive Locker Podcast, the podcast for dive professionals where we bring you the latest in diving industry resources that make you excellent at teaching techniques, risk management and dive business.
Hi everyone, welcome to The Dive Locker. Many of you may have seen a recent news item from DEMA called U.S. Federal Bill Supporting 529 Plans for Professional Certification. So since I have 529 plans in place for both my kids to go to college, this really intrigued me. You mean if my kids wanted to use those education funds that my wife and I put aside for them, to become dive pro’s it could be done and tax free? Heck yeah!
We can also use these accounts for our own training AND professional membership renewals. So I reached out to Tom Ingram, President and CEO of DEMA – the Diving Equipment and Marketing Association for more details about this, and what is needed to pass this legislation.
Items In This Episode
- What is a 529 Savings Account?
- How can this be setup to pay for professional diving certifications and renewals?
- What needs to be done to get this approved?
- Email your Representatives and Senators here
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Thanks For Listening!
That’s it for today, everyone. Thank you so much for listening. Remember to subscribe to this podcast on iTunes, Google Play or Stitcher, that way you’ll be notified of new episodes as soon as they go live and please leave a rating. Items talked about in this episode can be found on the show notes Page at scubaguru.com and there you can also click the microphone and leave us a comment. Thanks again. We’ll see you in the next episode. Safe diving and take good care of my friends.
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