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Ask HTM - Gifting $ to Other’s Kids, Most Affordable Protein, & Snagging the 529 State Deduction #1036

How to Money

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Navigating Home Loans and Education Savings

This chapter examines the financial dilemma faced by a young couple regarding whether to prioritize a down payment on a house or invest in a 529 education savings plan. It discusses the advantages of various mortgage options, particularly VA loans, and emphasizes the importance of understanding state-specific tax benefits for 529 contributions. Additionally, the conversation highlights the emotional aspects of financial planning as parents navigate their children's educational needs while balancing current enjoyment and future savings.

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