- Tax DeductionsThe amendment in the company’s plan allows the executive to avoid all penalties for early withdrawal from the deferred account to pay college costs. The executive receives a firm commitment from his company to pay all of his child’s college costs (up to the amount in his account), and yet he owes tax only as he actually withdraws the money from the trust to pay the college expenses. The company can also take a tax deduction for the payments.
- Income TaxFurthermore, the actual “true cost” of college for a high-income family is considerably more than the “advertised price.” Because college costs are paid using after-tax dollars, the amount that must be “earned” to cover these costs is much more. A high-income family in the highest tax bracket can pay almost 50% in income taxes, which means that the family must earn twice the amount of money that they pay to the college.
- Investment ManagementInvesting is a key component of managing both retirement and college costs. Through thorough research, we can guide you through the investing process and how it could work for your family.
- Bonds
- Financial PlanningSo for the last decade, we’ve been using our 20+ combined years of college financial planning expertise, along with our 10+ years of college admissions knowledge to help families save on the cost of their student’s dream college.
- Retirement PlanningConsult with a Certified College Funding Specialist (CCFS®) who can help you link your college funding and retirement planning.
- College FundingAs a Partner In Education with your local high schools, we present the most up to date admissions and financial aid strategies to help you find the dream college for your student. This workshop has been approved and vetted by some of the best public and private school guidance counselors in Atlanta and is approved to be presented in many school systems. It will cover the areas of college admissions, the Hope Scholarship, financial aid and college funding.
- Asset Protection