Using MEC to shelter assets, pay for college

gidianmellk
Wed, 21 Jul 2021 04:40:44 +0000

Thanks, everyone, for the comments and advice. We are not going to do the mec thing, because I’m totally put-off that this guy’s whole purpose was to get us to buy an insurance account; and I’ve been doing research and still can’t figure the thing out. As for the refi, it’s actually no-cost and we can use it as well to pay off my husband’s student loans, which have an exorbitant interest rate. I also can’t imagine that we won’t need some loans for college (we don’t have the assets, which is why we’re thinking the refi), and refi rates are so much lower than private loans.