Michael Drews and Company

College Funding

Michael Drews CPA believes that many parents want to contribute to their children’s education. For some families this represents the second largest lifetime expense after a home. We recognize that parents have varying value systems when it comes to this topic and we respect that.

Today, there are numerous ways to fund college or private high school with tax-free growth. Michael recommends either the Education Savings Account (ESA) or the 529 plan. For business owners, employing your children while they are in college can be a real win-win-win situation. For the business owner/parent, the wages paid to the child are tax-deductible, for the child/student, he is usually in a low tax bracket while in college, often resulting in no tax owed on the wages received. In addition, the student may also then be able to take advantage of the education credits that the parents could not have because their income is too high.

 

Michael Drews is a registered representative with the following registrations [6 & 7] and can transact business with clients in California.  Michael Drews is also an investment adviser agent licensed in California.  If you are not a resident of the state noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services over the internet.

 

Securities offered through HD Vest Investment ServicesSM, Member SPIC, Advisory Services offered through HD Vest Advisory ServicesSM, 6333 North State Highway 161, 4th Floor, Irving, Texas 75038, 972-870-6000.

 
Michael Drews and Company is not a registered broker/dealer or independent investment advisory firm.
 
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