Many Americans have worked hard to further their children’s education. Sadly, many realize too late, that much of the so-called “education” was really indoctrination which may have ruined their children’s values. Many children graduate from College and University with far different values, morals, and viewpoints than those held by their parents.
Parents who are building a legacy may well think twice about allowing it to fall into the hands of their altered children because more money could amplify their destruction. Fortunately, there are ways to control how your children receive your legacy after you pass on.
During this show, Tom and John will talk about some ways to protect your legacy… and your children!
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529 plans are touted as a way to save for your children’s education. But saving money in a 529 plan is a lot like sending your money to jail. Once your money is in a 529 plan you can’t use it for anything other than education. If you need to use that money for other purposes, you’ll pay a hefty penalty!
But there is a way to get money out of a 529 plan without paying a penalty. On this episode of Wealth Talks, Tom and John will explain how to do this.
Also on this episode: How to set your Financial New Year Resolutions in 2021
Resources:
How to Build Sustainable Wealth