Many parents put a ton of money at 529 college plan (that does not pay rent) and did not use it ($250k, or more). Their initial intention is to not lock their children in from an opportunity of their lifetime. Did I do enough for them, now that they graduated from high school? They asked this question as they watch their children with tears in their eyes marching from their high school graduation. And they say that it is their job as parents to help them with college.
Another story was said of an adult who graduated from Princeton from the money from his parents and now he is helping his parents financially who were not able to save for retirement just to send their children to college.
A student loan is a better option, while the parents money can grow in a real estate rental property with cash flow or a perm whole life insurance with tax free accumulation for retirement.
So do not over fund your 529 college plan, although it is tax free. Your goal is have control of your money, with 529 you give the money to an institution.
We have a college planning for you that you can control and that is not limited to the college your children wants to go to or decide not to go to.
Contact Connie Dello Buono for a better college plan/option 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621.
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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