EP 69: Student Loan Debt Crisis and The Solution - Coverdell ESAs, 529 and Roth IRAs
Directed IRA Podcast
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You Can Put 16 Thousand a Year in for Education
The five 29 plan allows you to put 16 thousand a year in per kid. With the coverdale, you can only put in two grand, but you can control the investment and get 20, 30 x returns with self directing. Or he third option? The one that always gets left off the table cause people don't think about it for education. There's two different ways to use it. It grows and comes out tax free at your retirement. But also, if that's six grand you put in every year, you can pull it out for whatever you want. If i did five years of contributions in a rothi array in it, that's 30 thousand dollars. I didn't
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