Discover How The Hill Family Is Getting Back
$480,000 Of Their College Costs Tax-Free

Jim Hill, 58, and Marie Hill, 56, live in the Chicago suburbs. Jim is a software engineer with Microsoft making $370,000 per year and Marie has a small business that makes about $20,000 per year. They have two children, Mathew, who’s a senior in high school, and Anna Marie, who’s a junior in high school. They were planning on college costing $250,000 for each child and they are planning to pay for all of their children’s college costs. They had $40,000 saved for each child in 529 Plans and they were planning to pay for the rest by cashing in Jim’s company stock.

Challenge:

Jim wasn’t excited about the idea of having to cash in the company stock he’d worked his entire career for along with paying capital gains taxes as well. He also thought he didn’t have enough time to build a College Refund plan given that his oldest son was already a senior in high school.

Solution:

We worked with them to take out a margin loan against Jim’s stock. This allowed them to keep the value and future growth of Jim’s stock while also accessing cash to fund their plan without paying capital gains taxes.

He’s now set up to take out $100,000 per year for the next 5 years, $500,000 total. This is enough for them to pay the rest of the children’s college costs and get a $480,000 tax-free refund when they start retirement. Jim is planning to use this money to pay back his margin loans so he can recapture the full value of his Microsoft stock if it continues to grow.

Who We Are

The Parents College Planning Network is an organization created for parents, by parents, with the sole purpose of giving families like yours confidence and peace of mind in how they are going to pay for college. We understand the struggles facing parents with the rising costs of college education. Our journey began with a simple yet powerful realization: the existing solutions to manage college costs were inadequate and often burdensome. 529 Plans had many drawbacks, like high costs and a high amount of risk still left on the parents’ shoulders. We’ve developed programs for hundreds of families, resulting in the recovery of millions of dollars in college costs. Our organization is dedicated to guiding you through smarter, safer, and more effective strategies for funding your child’s education.

Who Is This For

Our College Refund Plan is designed for parents who are planning to spend $100,000 or more out of pocket for their children’s college educations. If you find it hard to swallow the fact that you’ll be spending hundreds of thousands of dollars on your children’s college educations, money that you’ll never see again, a College Refund Plan can help you. We will help you build a plan where you’ll know exactly how you’ll be paying for college while also getting a substantial refund after your children graduate. Our strategy is a beacon of hope for parents who can allocate funds for education but seek a smarter way to handle these finances for a better financial future for themselves through the process.

How Does This Work

Imagine a system where your hard-earned money for your child’s education not only serves its primary purpose but also grows, bringing you financial relief in the future. This is the essence of our College Refund Plan. The plan revolves around a specific type of account that offers tax-free growth and access to your funds. It’s akin to planting a tree where the initial seed (your investment) grows into a sturdy tree (your account), and the fruits (the college funds) can be harvested without harming the tree’s continued growth.

This approach is not just about saving; it’s about smartly leveraging your funds in a way that benefits you now and in the future. The beauty of this plan is its flexibility and security – it offers protection against market losses, ensures uninterrupted compound interest, and culminates in a substantial tax-free refund. Whether your child is in kindergarten or high school, it’s never too late to start. The plan adapts to your family’s timeline, ensuring that your educational and financial goals are met.