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Using Tax-Advantaged investment bucket for education expenses
A well-designed Tax-advantaged investment portfolio can outperform a 529 plan, considering factors of safety and growth. There are contemporary products that allow investments to grow tax-advantaged under the insurance code 7702 while complying with the TEFRA, DEFRA, and TAMRA. Now, why is this relevant for education expenses ? The answer is simple. You want your children to go to college even if you are not around, in the event of your unfortunate death. Also if you are able to fund the investment sufficiently, then this type of portfolio can grow to a very significant amount using compounding interest(The Great Rule of 72), which could be used for ANY purpose by using Participating Loans. It's a whole life insurance policy that also disguises as an indexed-based investment vehicle, which provides you the best of both worlds. Even further, this same vehicle can later serve as your retirement plan since compounding growth is not taxable. This beats 401k where there are taxes and possible penalties. Contact a Kollzcorp executive for further information.
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