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Utilize taxadvantaged accounts to save for education and healthcare expenses from "summary" of Tax-free Wealth by Tom Wheelwright
One of the most effective ways to save for education and healthcare expenses is by taking advantage of tax-advantaged accounts. These accounts offer unique benefits that can help you grow your savings faster and with less tax liability. For education expenses, a 529 plan is a popular choice among parents and students. These plans allow you to contribute money that can grow tax-free, as long as the funds are used for qualified education expenses. This me...
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