Paying for college - Nerdwallet

Paying for college

Saving and paying for college is a complex process. It can involve student loans, college savings accounts, and more.

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Eric Jorgensen
Eric Jorgensen
CFP®, ChFEBC
Washington, DC
5 recent answers
Russell Cron
Russell Cron
AFC®
APO, NY
3 recent answers
Joe - American Consumer  Credit Counseling (ACCC)
Joe - American Consumer Credit Counseling (ACCC)
NFCC Certified Credit Counselor
Auburndale, MA
2 recent answers
Robert Wilson
Robert Wilson
MBA, MSF
Calverton, NY
2 recent answers
Roslyn Lash, AFC®
Roslyn Lash, AFC®
AFC®
Winston Salem, NC
2 recent answers
All Questions: Paying for college
NewPosted August 23, 2016
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC

That's hard to say without knowing your credit score, but it appears to be - as long as you can afford the payments. You can decrease the total amount...

NewPosted August 22, 2016 · Houston, TX
John C Brandy

John C Brandy

CFEd, AAMS

Yes you still get taxed for capital gains. You can elect, once in your life, to waive the tax. Only once, so choose wisely.

This might be the time....

NewPosted August 22, 2016 · San Francisco, CA

If the $20k is tax-free or after-tax, then yes. If it's taxable then you should reserve some to the side, pay off your credit card and take a chunk ou...

NewPosted August 21, 2016

Not without paying tax on the distribution of the defined benefit pension plan. One way or the other, any withdrawals from a qualified retirement plan...

NewPosted August 19, 2016 · Chicago, IL
James Kinney

James Kinney

CFP®, CCPS

I would suggest being very careful here. Not only is your retirement at risk, but apparently so is your income, since it appears you rely on the asse...

NewPosted August 19, 2016 · Atlanta, GA
Michael Keeler

Michael Keeler

CFP®, CLTC

At your full retirement age, your Social Security benefit isn't affected by other income, so it is OK to start taking it. Keep in mind that you will p...

NewPosted August 19, 2016
Dave Anthony

Dave Anthony

CFP®, RMA

At 48 and 44 it is very difficult to find any mathematical reason to have whole life insurance, especially since you are both young and have time on y...

NewPosted August 18, 2016

Unfortunately, credit scoring isn't an exact science. Your score should improve; but, no one can predict to what extent paying the debt down will help.

NewPosted August 18, 2016

They will, but they would also be protected without the trust. I hope you didn't spend any money for this.

Your trust would be helpful if your kids ...

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