Today, there are a staggering 2,000,000 parents collecting Social Security Benefits while they’re still paying on parent loans (some are drawing Social Security just to pay on those loans), and a mind-boggling 300,000 of them are having their Social Security benefits garnished to pay their parent debt down!
How many Quarter Million Dollar mistakes can you make in a lifetime without it seriously affecting you?
The good news is that whether the Junior at your house is 8 or 18, it’s not too late
… the advisor lives in a world where all growth is taxed. I live in a world where no growth is taxed. In my world, the $1,400 ending balance would bear no tax liability whatsoever – in which case my original statement – “there is no mathematical advantage to tax-deferral” – is 100% true and accurate.