College Savings: Why 529 Plans Don’t Work and What To Use Instead

When you manage your finances the traditional way, you lose great opportunity that exists without even knowing it. For example, so many Americans put a dent in their finances simply by paying for college. This money could go to retirement, but instead, it’s saved for college because that’s how they see everyone else living with their money. When you use the Infinite Banking Concept however, you’ll never have to choose which way your money goes. It’s always there for you to use when you need it, for any occasion.

When you manage your finances the traditional way, you lose great opportunity that exists without even knowing it. For example, so many Americans put a dent in their finances simply by paying for college. This money could go to retirement, but instead, it’s saved for college because that’s how they see everyone else living with their money. When you use the Infinite Banking Concept however, you’ll never have to choose which way your money goes. It’s always there for you to use when you need it, for any occasion.

Oh, you’re already investing in a 529 plan? You think your college savings is taken care of?

529s aren’t as beneficial as we’re led to believe. As MSN.com points out, we’re all “better off putting the money under [our] mattresses… Simply put, 529 don’t live up to the hype.”

The truth is… 529s have many restrictions, and it doesn’t provide much flexibility. There are many penalties that come with freedom, and none of us deserve that kind of control with our own finances.

With the Infinite Banking Concept, you’re in full control with minimal amounts of restrictions. Your money is available to you when you want it and why.

Using the Infinite Banking Concept to finance a college education provides great advantages you don’t get with the traditional ways of financing. You’re allowed flexibility, there’s no risk of loss due to the market, and you’re always paying yourself back.

The Infinite Banking Concept relies on a type of dividend-paying whole life insurance policy that can grow your cash value to up to 40 times faster than a traditionally designed policy. This policy has remained guaranteed and predictable for more than 160 years, and only continues to grow in value.

Unlike other saving options, you have 100% certainty of how much your plan will be worth. There is no guessing or market to rely on. The money you take from your plan will be replaced as you pay yourself back, and you can use the funds for anything you want such as retirement or vacations with your family.

When you manage your finances the traditional way, you lose great opportunity that exists without even knowing it. For example, so many Americans put a dent in their finances simply by paying for college. This money could go to retirement, but instead, it’s saved for college because that’s how they see everyone else living with their money. When you use the Infinite Banking Concept however, you’ll never have to choose which way your money goes. It’s always there for you to use when you need it, for any occasion.

Oh, you’re already investing in a 529 plan? You think your college savings is taken care of?

529s aren’t as beneficial as we’re led to believe. As MSN.com points out, we’re all “better off putting the money under [our] mattresses… Simply put, 529 don’t live up to the hype.”

The truth is… 529s have many restrictions, and it doesn’t provide much flexibility. There are many penalties that come with freedom, and none of us deserve that kind of control with our own finances.

With the Infinite Banking Concept, you’re in full control with minimal amounts of restrictions. Your money is available to you when you want it and why.

Using the Infinite Banking Concept to finance a college education provides great advantages you don’t get with the traditional ways of financing. You’re allowed flexibility, there’s no risk of loss due to the market, and you’re always paying yourself back.

The Infinite Banking Concept relies on a type of dividend-paying whole life insurance policy that can grow your cash value to up to 40 times faster than a traditionally designed policy. This policy has remained guaranteed and predictable for more than 160 years, and only continues to grow in value.

Unlike other saving options, you have 100% certainty of how much your plan will be worth. There is no guessing or market to rely on. The money you take from your plan will be replaced as you pay yourself back, and you can use the funds for anything you want such as retirement or vacations with your family.

The Benefits

There are a ton of different benefits to using the Infinite Banking Concept. For example, it doesn’t hurt you when applying for financial aid. Since your funds are in a whole life insurance policy, they will never count against you when applying for financial aid. They don’t need to be reported as assets, and therefore gives more opportunities for scholarships and financial aid. In addition, the Infinite Banking Concept can act as a reliable retirement plan, emergency cash, and a predictable and stable savings account.

All it takes is an open mind and a desire for deeper education.

The Infinite Banking Concept is a banking method that not many people learn about, but it’s a powerful and modern way to take full control of your financial future by creating your OWN banking system. Here at Up Planning Edge, we help people everyday open their eyes to how simple it really is to save and multiply their wealth. Interested in learning more and beginning your financial freedom in the new year? Check out our free resources and contact us at https://upplanningedge.com/contact/.

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Did you know there are actually 3 types of money?

Accumulated Money is money you currently have and are saving.

Lifestyle Money is money you spend to enjoy your quality of living.

Transferred Money is money you may be transferring unknowingly and unnecessarily. Some examples of transferred money are taxes, interest on credit cards, home mortgages and car payments.

Watch the Circle of Wealth video to learn more about the 3 types of money.

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