How To Help Your Child Graduate College Without Debt
- By
Julia Austin
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Benefits of a brokerage account
“This account (brokerage) is more flexible with respect to the assets,” says Dorsainvil. “While opened in a parent’s name, and earmarked for a child’s education, funds could be transitioned to a down payment on a home if they receive scholarships. This account does, however, require taxes being paid each year on interest and dividends, if applicable.”
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