Undergraduate expenses are usually not eligible but…
- Master’s degree costs can qualify if the program improves the employee’s skills.
- Educational assistance plans can provide up to $5,250 in tax-free benefits per employee including your children IF specific requirements are met.
You can get more, expert guidance on Financial Planning for Your Child’s Future by visiting our webinar at: College Financing Secrets w/ Ron Caruthers – YouTube<
Key Takeaway
You don't have to choose between your financial goals. Start by taking advantage of available employer benefits, then balance your remaining savings between short-term priorities and long-term financial growth. Keep money needed in the near term in an appropriate low-risk option, and consider the tax implications before using long-term savings.
