Financially Free Physicians: Think You Have to Pay for College? Think Again
Description
With college costs on the rise, saving for your child’s education can feel overwhelming — but it doesn’t have to be. We sat down with SLP Wealth partner and financial planner Dan Rooker, CFP®, CSLP®, to share strategies that make college planning simpler and more effective.
From choosing the right savings accounts to understanding financial aid, we’ll guide you through the options so you can make the best decisions for your family’s future.
Key moments:
(03:25 ) 529 plans can double as estate planning tools and future Roth IRAs
(12:12 ) High income doesn’t always mean no financial aid
(13:38 ) Educational Savings Accounts are like Roth IRAs for education
(16:07 ) UTMAs and UGMAs — who they’re for and why they matter
(18:54 ) Taxable accounts offer unmatched control and flexibility
(27:06 ) Where to start if you’re overwhelmed by college planning
Link mentioned in this episode:
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Episode: http://sites.libsyn.com/554512/think-you-have-to-pay-for-college-think-again
Podcast: https://sites.libsyn.com/554512
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