Today.com – Pay For Your Kid’s College Without Being Taxed

This week on Today.com our question comes from Robert: My Daughter is graduating medical school with over $200,000 in school loans, both private and federal. My wife and I have a substantial nest egg, where we could pay off at least half of her outstanding loans. What would the tax implications if we do this?

Watch above to find out how you can help pay off your child’s college loans without having to pay taxes.¬†

Live Rich,

David Bach

 

NBC’s Today Show – Money 911 – February 15, 2012

In case you missed me this morning on NBC’s Today Show – Money 911 – make sure to check it out now! We answered questions about getting your name off of a co-signed loan, tax deductions if you work at home, and what to do if you remarry someone that has debt when you have savings.

Let me know if this segment helped you by commenting below!

Live Rich,
David Bach

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