- Invest in mutual funds and keep the gains under $4300 zero bracket of the
child.
- Invest in growth mutual funds that pay no dividends and cause no taxes to
cash out.
- Open a Roth or Traditional IRA for you, your spouse, your child if they
have earnings.
- Series E government bonds produce no interest income until maturity or
surrender.
- Invest in tax deferred annuities in your child's name. Non taxable
accumulation.
- Use the HOPE Scholarship Tax Credit of $1500 for college tuition &
expenses.
- Use Qualified State-Sponsored Tuition Plans (QSTP) (Grandparents/Friends
can contribute)
- Take advantage of Student Loan Interest Deductions. 1st 60 mths interest
is deductible.)
- Have your employer reduce your salary and pay the tuition for you, in the
same amount.
- Buy Universal Life Insurance that earns interest, and, has a -0-
cost loan provision.
For more detail call Group
Health Plans of La. 1 888 456 1858 /504-456-1858