Ben and Emily have four children age 7-13. One child, Zach, has special needs. And despite Ben’s high-income career and relative affluence, the financial drain of Zach’s care is creating anxiety about the future. With college costs at the best schools out of sight, Ben and Emily are concerned about whether they may have to compromise.
Ben and Emily both come from large, affluent families and the families are well aware of the couple’s challenges. They would like to help.
Concentrix partners showed Ben and Emily how to structure an educational savings plan to enable anyone to contribute – family, friends or community. The plan accumulates dollars with earnings tax-deferred and withdrawals penalty-free and tax-free for qualified education expenses.
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