Wednesday, November 5, 2014

Consumers Beware: The Truth About Life Insurance, Annuities And College Financial Aid

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By Troy Onink There?s a time and a place for most things, but stashing the money from your child?s savings account, or your own, into an annuity with the hope of qualifying for more college financial aid is often not advisable, especially when: 1) there are limited other sources of funds to pay the family?s share of college costs, 2) there are other ways to soundly reduce the impact on aid eligibility, 3) it doesn?t work at colleges that require the CSS Profile form in addition to the FAFSA, and 4) not knowing what form of aid, if any, the student will receive just because the child may technically qualify for it. …read more


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