The decision to invest in a college education carries more weight today than ever before.
With escalating costs and evolving job markets, the question isn't just about getting a degree; it's about making smart financial choices for the future.
In this episode, I tackle the critical aspects of investing in education and the nuances of funding college. It's a deep dive into balancing the scales of knowledge acquisition and savvy financial planning.
I also explore various financial vehicles like UTMA, UGMA accounts, 529 accounts, Roth IRAs, and others, dissecting their advantages and potential pitfalls. It's not just about choosing the right account; it's about understanding how these decisions ripple through your financial life.
So make sure to catch this episode – it's packed with insights that could be vital in securing a stronger financial future for you and your family.
IN TODAY’S EPISODE, I DISCUSS:
- Tax implications and benefits of UTMA/UGMA accounts versus 529 and Roth IRAs
- Strategies for paying for college without jeopardizing your retirement
- The true cost of student loans and how to guide your kids towards financial savviness
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If you liked this episode, you'll love these ones:
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- Build Wealth & Live a Rich Life at Any Age (My son's journey)
- Wealth By The Decade – Roaring 20s
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