EP 69: Student Loan Debt Crisis and The Solution - Coverdell ESAs, 529 and Roth IRAs

Directed IRA Podcast

English - September 07, 2022 01:00 - 41 minutes - 28.8 MB - ★★★★★ - 140 ratings
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Previous Episode: Roth IRA vs. Health Savings Account (HSA): Which Is Better?

Next Episode: EP 70: Analyzing Investments for Retirement Accounts

This episode is a "Must listen," to for any parent!

Total Student Loan Debt is $1.75 trillion.The average amount per borrower is $29,000.There are 2.4 million retirees who struggle to pay student loan debt aged 62 and older.

What is the best strategy for parents to pay for their kid's college debt free?

Mat Sorensen and Mark J. Kohler talk about account types you can use and how to save in a tax favored way. They explain the benefits of Coverdell ESAs, 529 and Roth IRAs and, which accounts to use first.

Mat and Mark also shared how they helped their kids graduate with zero debt and their own personal journey of what they did to pay for their own college education.

They also explained what NOT to do with a retirement account.

Learn how to take control of your retirement - https://directedira.com/

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Being a Tax Advisor is a lucrative opportunity...Learn more about Marks Main Street Tax Pros here:

https://markjkohler.com/the-main-street-tax-pro-certification/

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https://matsorensen.com/ask-mat

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