Should You Tap Retirement Savings to Fund College?
There are three things to consider before dipping into retirement savings to pay for college.
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Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes.
If your clients are buying or selling a home, use this to help them determine if they qualify for capital gains taxes.
Without a solid approach, health care expenses may add up quickly and potentially alter your spending.