Business Entrepreneur’s Education / Retirement Fund for Daughter

Photo courtesy: David Castillo Dominici on freedigitalphotos.net

A business entrepreneur with a young, pre-teen daughter wanted to set up an account usable for college funding.  While a 529 account might come to mind, once funds are placed into a 529 account the government stipulates, in return for tax-deferred status, the purposes to which both the capital and the gains can be applied.  I suggested another strategy for this application that had much farther-reaching and beneficial lifetime benefits for this father and daughter. Continue reading “Business Entrepreneur’s Education / Retirement Fund for Daughter”