By: Brett S. Miller, CPA, CFP®
While college costs continue to escalate at a rate much faster than inflation, scholarships and grants have declined, leaving doctors to shoulder a larger portion of their children’s educational costs. In order to get the biggest bang for their buck, doctors need an educational funding strategy offering tax-deductible savings, tax-deferred accumulation, and tax-free pay outs, while maximizing the use of all available tax credits and deductions. Below, Brett Miller, CPA, CFP® outlines such a tax-savvy approach that can provide all necessary college funding, while saving doctors over $50,000 per child in federal and state income taxes.
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Education Planning | Saving/Paying for College
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