Client has $25k in a plan for his son and can pull some out to reimburse for room and board. Son is in 1st year of school so he clearly will have many college expenses ahead of him (and if he didn't the money could be transferred to a sibling).
We agreed that, due to the prospect of the market doing better in the next 3-4 years, we should let that money continue to grow tax free and plan to use if for the last dollars needed rather than the current expenses.
I've got the feeling I may be forgetting something though...any comments?
We agreed that, due to the prospect of the market doing better in the next 3-4 years, we should let that money continue to grow tax free and plan to use if for the last dollars needed rather than the current expenses.
I've got the feeling I may be forgetting something though...any comments?