Accident claim

lookingforward
Sat, 12 Sep 2015 17:08:53 +0000

Sounds like you will need some of the money for surgeries? I wonder if there is a way to put a portion into a “qualified annuity” (pre-tax dollars, as opposed to the “non-qualified” sort.) I’m far from an expert, but some allow you to take out money for needs, sometimes with no penalty after x months, and then subject to IRS on growth.

Some general background http://www.finaid.org/educators/pj/principles.phtml

You and your child will need to go into the college hunt with eyes wide open. You want a college willing to work with you and an approach that is realistic about what you can truly afford versus “dream schools.”