A frequent lament in South Dakota is that we are close to "last" in this, that, or some other ranking. Certainly, there are areas where this is a very real problem.
There is at least one place, however, where our being at the tail end of things is an advantage. South Dakota was one of the last states to set up a 529 college savings plan. Because we were able to benefit from the experience of other states, we have one of the best-designed plans in the nation.
Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. He is the co-author of "The Financial Wisdom of Ebenezer Scrooge" and "Conscious Finance," both available on Amazon.com. You can learn more about Rick at wwww.kahlerfinancial.com.
Thanks for the video.
PhamilyJules 2 years ago