21 min listen
A New Way to Pay for College? David Stackpole's Unique Strategy
FromThe YNAB Podcast
ratings:
Length:
38 minutes
Released:
Jul 7, 2021
Format:
Podcast episode
Description
EDITOR'S NOTE: At 28:15 David states that generally you cannot take out money from a ROTH to pay for college without paying a penalty. David later pointed out, however, that you may take out up to $10k without penalty to pay for qualifying higher education expenses. David Stackpole, wealth manager and Certified Financial Analyst (among other titles), joins the podcast to discuss his strategy for paying for the ever-growing cost of college. David points out that college tuition has increased nearly 1,400% since the 1970's, which amounts to a 6.4% annual inflation rate. With costs rising so dramatically and so steadily, many parents find it difficult to save enough for their children's college education. David has a unique strategy for dealing with this problem, however. David recently published a paper outlining his approach in the University of Louisville's Journal of Student Financial Aid, which you can find here: https://ir.library.louisville.edu/cgi/viewcontent.cgi?article=1701&context=jsfa
Released:
Jul 7, 2021
Format:
Podcast episode
Titles in the series (100)
013 - An Interview with Baker from ManVsDebt.com: Baker and his wife had an epiphany the night their daughter was born. With the answer to one simple question, they found freedom. This will get you thinking! by The YNAB Podcast