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012. Setting up your kids for financial success

Inside Out Money

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How to Save Money on Your Income Taxes

The best way to think about it is it's like a Roth IRA for college expenses. So the money goes in post tax, but then the growth of that money is tax free. When you pull the money out, it's tax free as well because you've already paid those taxes. And there's an additional tax advantage, which is many states, not all offer some sort of an income tax deduction.

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