Welcome to another episode of the Directed IRA Podcast! In this episode, Mat Sorensen and Mark J. Kohler dive into funding college education without relying on student loans. Whether you're a parent of young children or teens, understanding how to use Coverdell Education Savings Accounts, Roth IRAs, and 529 Plans can save your family from the burden of student loan debt.
Key Discussion Points:
- The pros and cons of using 529 Plans for college savings.
- How Coverdell ESA's can offer flexibility for educational expenses.
- The surprising benefits of a Roth IRA for your child's education.
- Our favorite strategy for maximizing your savings and avoiding debt.
We also touch on the broader impact of student debt on young adults today, including challenges in buying homes and achieving financial independence. With the right strategies, you can set your kids up for success without the financial strain.
Tune in to learn how to optimize these savings tools and give your kids a head start in life! Don’t forget to like, subscribe, and hit the notification bell for more insights on investing and financial planning.
Learn how to take control of your retirement - https://directedira.com/
Self-directed IRA Podcast - https://matsorensen.com/podcast/
Shop my products - https://shop.matsorensen.com/
Blog & Articles - https://matsorensen.com/blog/
Ask Mat: https://matsorensen.com/ask-mat
Connect with Mat online:
Instagram: https://www.instagram.com/matsorensen/
Facebook: https://www.facebook.com/mat.sorensen.1
LinkedIn: https://www.linkedin.com/in/matsorensen/
TikTok: https://www.tiktok.com/@sorensenmat
YouTube: https://www.youtube.com/@MatSorensen
Websites:
https://directedira.com
https://matsorensen.com
https://kkoslawyers.com
https://mainstreetbusiness.com...