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Posted on 4/14/13 at 10:30 pm to BestBanker
quote:
Why does there seem to be a great fear of not having sufficient assets to pay for a child's higher education expenses 10, 15, or 18 years down the road?
Because there are few people taking in enough cash to pay ~15k per child per year in addition to current expenses.
So that screams for saving. And savings stockpiles of that size get big advantages from being in a tax sheild.
Posted on 4/15/13 at 12:51 pm to Siderophore
quote:
And savings stockpiles of that size get big advantages from being in a tax sheild.
Is your tax rate really that high? Where is the relative understanding of income tax rates? Will you retire in a lower tax bracket? How do you get into a lower tax bracket? Who controls this "tax shielded" account?
quote:
Because there are few people taking in enough cash to pay ~15k per child per year in addition to current expenses.
Research assets held to loans or grants available for a student.
Posted on 4/15/13 at 12:56 pm to Cold Cous Cous
quote:
"Sheeple" is such a useful word because it immediately tells you so much about anyone who uses it. "Hegemony" is the same way.
Definition of HEGEMONY: preponderant influence or authority over others : domination <battled for hegemony in Asia> : the social, cultural, ideological, or economic influence exerted by a dominant group
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