IPI've posted a link to this on another thread, but it could be helpful for your kid in college: http://www.forbes.com/sites/troyonink/2013/07/30/college-tax...... The premise is you and your wife gift appreciated assets to your daughter, which allows her to pay for half or more of her college, allowing her to become independent tax wise. She takes on the capital gains and gets the deductions, perhaps even qualifying for ACA subsidies if she needs to get insurance that way? That's my own leap, not in the article. This approach is an interesting one for us since there are no kids on retiree healthcare, (though they can probably get coverage from school,) and I don't know if we will be able to take advantage of tax deductions anymore, given no mortgage, low property and income taxes. Either way, it's worth a read through. We indirectly have JAFO to thank for this idea, since it was a link on a link he provided. Would appreciate hearing what you think.Thanks for the link. I read through it. It sounds like a good way to go if you have a good chunk of $ set aside for your kids.The gifting part won't really matter to us because she is paying as she goes via a job, some scholarship money and with us picking up the rest. Also, she moved back home after fall 2013 to finish her degree commuting to a local college that is low cost. This helped tremendously with overall costs.She plans on living with us until she graduates in 2015 or the 1st part of 2016.As far as health insurance goes, I'm looking into her going on the gov't exchanges vs taking advantage of the health insurance from her job. She may claiming herself to get the collect tax credits in 2015 as well since our income will go significantly down after FIRE.Metal
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