Episode 15: IBC vs 529 College "Savings" Plans

Join David Befort and Paul Fugere on Episode 15 of the Wealth Warehouse.

We all know that college is open to all. But what we also know is that it sure does cost like it's only for the wealthy few. So what about a college savings plan?

In this episode, David and Paul discuss the difference between a savings plan and an investment plan, the advantages of the infinite banking concept when up against 529 Plans, and the other ways for you to start saving for college aside from IBC.

In this episode you will learn:

-529 Plans are investment plans; it's not a savings plan

-Student aid punishes you for doing a good job planning for college

-There's so much volatility in the current [2022] stock market

-What really is the benefit of a 529 plan?

-The other options to save for college aside from IBC

-and so much more!

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial.

He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Catch up with David and Paul on:

Website:

          https://infinitebanking.org/agents/Fugere494

                        https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:             

[email protected]

Survivor Benefit Plan Summary:

https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/Overview/

Self-directed IRA Summary:

https://www.investopedia.com/terms/s/self-directed-ira.asp

Links for 529 Plan research:

https://www.sec.gov/reportspubs/investor-publications/investorpubsintro529htm.html

https://www.finra.org/investors/alerts/college-savings-plans-school-yourself-you-invest