Is There a College Savings Plan That Is Tax-free?

Doug Andrew spends his time each week helping people who are serious about optimizing their assets, minimizing their taxes and empowering their authentic wealth. In his nearly 5 decades as a financial strategist and retirement planning specialist, Doug has picked up a lot of useful knowledge.

Today, Doug answers a common question about whether there is a college savings plan that’s tax-free, even if you don’t use that money to pay for college. The answer is yes, and Doug explains his preferred savings vehicle and how it works.

CHECK OUT THIS SNEAK PEEK OF THE TOPICS COVERED THIS WEEK:

  • Why do so many people get lured into socking away their education savings in a 529 plan? Doug explains the advantages and disadvantages of such plans.
  • What are the strings commonly attached to such plans and is there a better way to save? Learn how some plans make it very difficult to use that money for anything but a qualified use.
  • How can a person save for education, among other things, with tax-free accumulation and access? Doug spells out what his favorite savings vehicle looks like and why it’s a better way to save.
  • Why is the max-funded, indexed universal life insurance contract (IUL) a better way to save? Doug describes the advantages of a properly structured IUL as a means of saving for the future.
  • How is tax-free accumulation a better way to save than the tax-deferred route? Discover the undeniable advantage that comes with getting those taxes over and done with once and for all.
  • What makes the IUL similar to a financial Swiss Army knife? Doug explains how you can enjoy liquid assets safely earning predictable rates of return regardless of what’s happening in the market.
  • And much, much moreā€¦

Start by visiting with a IUL Specialist today.