A New Way to Pay for College? David Stackpole's Unique Strategy

<p>EDITOR'S NOTE: At 28:15 David states that generally you cannot take out money from a ROTH to pay for college without paying a penalty. David later pointed out, however, that you may take out up to $10k without penalty to pay for qualifying higher education expenses.</p> <p> </p> <p>David Stackpole, wealth manager and Certified Financial Analyst (among other titles), joins the podcast to discuss his strategy for paying for the ever-growing cost of college. David points out that college tuition has increased nearly 1,400% since the 1970's, which amounts to a 6.4% annual inflation rate. With costs rising so dramatically and so steadily, many parents find it difficult to save enough for their children's college education. David has a unique strategy for dealing with this problem, however.</p> <p> </p> <p>David recently published a paper outlining his approach in the University of Louisville's Journal of Student Financial Aid, which you can find here: </p> <p> https://ir.library.louisville.edu/cgi/viewcontent.cgi?article=1701&context=jsfa</p>