{"podcast":{"title":"The College Investor Audio Show","slug":"the-college-investor-audio-show-414113","podcast_index_feed_id":414113,"rss_url":"https://feeds.captivate.fm/the-college-investor/","website_url":"https://thecollegeinvestor.com","image_url":"https://artwork.captivate.fm/f3c20c77-1ea5-4d2e-a65a-e87b0a5c9f68/college-investor-podcast-cover-c1.png","author":"The College Investor","episode_count":1036,"summary":"The College Investor podcast is a daily audio show that's dedicated to bringing you the best of TheCollegeInvestor.com. We discuss a variety of topics, all relating to millennial money - including student loan debt, investing, earning more money, and more! Robert Farrington, the founder of The College Investor and a Millennial Money Expert, shares how to get out of student loan debt so that you can start investing and building wealth for the future. Instead of cutting expenses and living a frugal life, he advocates side hustling and entrepreneurship to earn extra money to achieve your financial goals.","last_synced_at":"2026-07-30T20:18:09.903988+00:00","page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113"},"episode":{"title":"IRS Data: Families Paid Just $464 On Average In 529 Plan Penalties","slug":"irs-data-families-paid-just-464-on-average-in-529-plan-penalties","published_at":"2026-07-23T10:00:00+00:00","page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113/irs-data-families-paid-just-464-on-average-in-529-plan-penalties","show_page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113","url":"https://thecollegeinvestor.com/84560/irs-data-families-paid-just-464-on-average-in-529-plan-penalties/","audio_url":"https://episodes.captivate.fm/episode/b84f37a7-ed67-4dd2-bdac-e4c53417bf4e.mp3","summary":"New IRS data shows that the dreaded 529 plan penalty is far less common, and far less painful, than most families fear. According to the IRS Statistics of Income division's line item estimates for tax year 2023 (the most recent year with data available, released in June 2026) just 165,152 tax returns paid the 10% additional tax on non-qualified distributions from 529 plans and education savings accounts, totaling $76.6 million. That works out to an average penalty of about $464 per return for people reporting 529 plan distributions . Out of the more than 160 million individual returns filed for 2023, roughly 0.1% paid this penalty at all.","meta_description":"New IRS data shows that the dreaded 529 plan penalty is far less common, and far less painful, than most families fear. According to the IRS Statistics of…","key_points":[],"chapters":[],"topics":[],"duration_seconds":397,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-college-investor-audio-show-414113/episodes/irs-data-families-paid-just-464-on-average-in-529-plan-penalties/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113/irs-data-families-paid-just-464-on-average-in-529-plan-penalties.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}