If you have a business, you can hire your kids and can invest the earnings to get benefits for college. I will discuss some advantages of using a Roth or traditional IRA, depending on the child’s earnings, over the next few days.
Did you know your child can withdraw Roth or Traditional IRA funds without penalty to pay qualified higher education expenses such as tuition, fees, books, supplies and room and board.
Tomorrow I will discuss some more advantages of hiring your kids and using an IRA for college.