Ep. 164 | Student Aid + Tax Planning (FAFSA) - Teaching Tax Flow: The Podcast

Episode Transcript
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John Tripolsky (00:02):
Hey, everybody. Welcome back to the teaching tax
flow podcast episode 164. Today,we are looking at FAFSA. That's
a free application for federalstudent aid and, of course,
tying that into tax planning andstrategy. But before we
introduce our guest and thistopic, let's take a brief moment
and thank our episode sponsor.

Ad Read (00:26):
This podcast is brought to you by Strategic Associates.
Are you a high income earner,real estate investor, or
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$75,000 or more of annual taxliability? If so, Strategic
Associates can help. Your firststep to saving thousands, if not
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sure to tell them TTF sent you.

So we are going to really dive in and look at
yet another acronym. I know, mycohost here is gonna love this
one. We are looking at FAFSA. Soif you're not familiar with what
that is, you may if you have ayounger child, and you, you may
absolutely despise everything todo with it because you may be
that confused with it. So we aregonna connect some dots.

(01:17):
We're gonna dive in. We're gonnaclarify. But as always, Chris
Picciurro, welcome back to yourown show, sir. We opened the
door. We let you back in.
Hopefully, you got some good forus.

Chris Picciurro, CPA (01:26):
Well, John, I think it was the first
time I ever had my teaching taxflow sweatshirt because it is
the wintertime even down here inNashville. Nashville. But but
great to be back. I'm excitedabout this topic because we've
been waiting to have a specialguest on to talk about financial
aid planning and the FAFSAapplication. There's also

(01:47):
another application that someprivate schools utilize and talk
through when you have childrenthat are approaching that
college age.
We're going to talk about whenyou have to start thinking about
it. We know that there's athere's a little bit of a delay
or look back on tax returns. Soyour tax return for much of this

(02:07):
is the driver in your collegeaid application, but there are
also tests based on your assets.But yeah. So, I mean, quite
frankly, personally, this thisis something that, my wife and I
are working with.
We've got a junior in highschool, a sophomore in high
school, and then our youngest isa is a middle schooler. But
really excited to welcome aspecial guest, Brian Eister. He

(02:30):
is with, Essential Strategiesand is an expert in college aid
planning, a FAFSA planning, andplanning for your children's
education. So, Brian, welcome tothe Teaching Tax Flow Show or
podcast I should say. No.
And, John, I just went from apodcast to a show. I don't know
what

that's for. You know what? We're we're stepping
things up a little bit. And, youknow, one of these days, we're
gonna have to, retitle this andbe like the enterprise, the
Mecca of all things tax. We'llget, like, all bot to say it for
us.
But let's, and, Brian, beforeyou get into this, actually, I'm
gonna put out this challenge toyou guys. So we have a small
window here on this show. But ifyou can and I'm gonna throw out

(03:10):
another acronym. If you canconvince me that FAFSA is not a
PIDA, I think we've done ourjob. So if anybody's familiar
with what PIDA stands for, p I ta, it's a pain in the beep.
So let's, let's throw that outand see if you boys can do it.

Brian S. Eyster (03:28):
See, here I thought when you said pita, you
were talking about the, the theanimal the nonprofit animal
company there. You you threw mefor a loop there for a second.

So Good. I was thinking about I was
thinking about bread at a Greekrestaurant.

That too. That too. Thank you, gentlemen.
Appreciate your time. We havecommonality.
We all share at some pointMichigan roots. So Yes. And a
love of baseball and all thingtigers. Unfortunately, didn't
work out well this year. But,you know, perhaps if we got some
some some better hitters, wemight get there next year.

Agreed. Agreed. So you so so, Brian, can
you give us an idea of who youhelp out right now? Kinda, know,
what families and when someoneshould start thinking about
planning around their theirchildren's or could be I mean,

(04:25):
maybe they're a guardian. Maybeit's they they they're maybe
they have custody of theirgrandchildren, their college
because college ain't free.
I mean, sometimes it is, Iguess. And and there there are
some based on your financial conthe financial condition of your
household, the financialcondition of your household

(04:45):
could drive a lot of financialaid, scholarships, potentially
grants. I mean, in wanna talk ona, you know, kind of a 30,000
foot view level of what does thegovernment consider part of your
household financial snapshot? Isit income? Is it assets?
Is it a little of both?

Excellent question. The best way to phrase
it is think of yourself playinga chess match. You can win a
chess game with a multitude ofdifferent strategies in place.
So there's no right or no wrong.So keeping it at the 30,000 foot
overview as we discussed today,let's start first with FAFSA.

(05:28):
What does it mean for thefamilies that are familiar with
it? What do they need to do?What are some of the
checkpoints, things to bethinking about? FAFSA is an
acronym, obviously, freeapplication for federal student
aid. It is the federal program.
What that does is it takes intoconsideration your incomes, your

(05:53):
assets, where they'repositioned. And while they don't
disclose on their website howthe sausage is made, it comes up
with this number now known asSAI, student aid index. It used
to be called EFC, expectedfamily contribution. Don't know
why they changed it. Doesn'tmatter.

(06:14):
It is what it is. The whole goalof these forms and pairing with
a professional like myself andpartnering with you and your
accounting skills for thebusiness owners is whatever that
number calculates at, our job isto try and get it lower and
lower and lower legally,ethically, and morally. So for

(06:37):
parents that have aspirations ofhelping out their children for
school, there's three phases.The first phase is essentially
from birth until ninth, tenthgrade. Just focus on good
savings habits, good investinghabits, keep getting your

(06:58):
financial house in order, thingsof that nature.
Nothing permanent or final hasto be made at that point.
Sophomore year, I wouldrecommend and encourage people
to sit down with someone likemyself. While they don't have to
make any decisions sophomoreyear, they can get a feel as to
what it's going to look like. Onour preshow talk, Chris, you

(07:20):
were mentioning that you have ajunior. I am busier than ever
right now with two facets.
I have the high school highschool senior families. What are
we gonna do? They're doingapplications. They're filling it
out. They gotta submit FAFSA,the CSS.
All we can look at right now forthe high school seniors is what

(07:44):
sort of assets do they own, andhow are they how is it impacting
their FAFSA score? For parentsof juniors like yourself, this
is your last chance to doanything proactively regarding
your income. See, in FAFSA, thetax return is prior prior. So I

(08:08):
have a high school senior aswell. They look at the junior
year tax return.
So for parents of juniors likeyou have right now, this is the
time where you talk with yourprofessionals. Do you contribute
more to your four zero one kthan what you normally do? Do

(08:28):
you set up a higher bonus orsome sort of deferred comp or
something that is considered aqualified plan? These are all
not to be taken lightly, but tobe discussed with your
professionals because there's weknow that there's pros and cons
to those as well. And it alsodepends on where your income is,
how much you can drive it down.
Is it even worth it?

So if I talk to myself, then I'm okay
right now since I am a taxprofessional and have a junior
in high school So for so No. Iunderstand. You're so whatever
whatever is reported onsomeone's 2025 personal tax
return drives the 2027enrollees. If it's

it is the 2024 return. So we are in 2025. So
your junior yes. When they aregetting ready to I'm sorry. I
was thinking of my daughter.
We're talking about your son,junior, senior. So 2025 return
impacts a student enteringschool 2027. So you have until

(09:40):
December 31 of this year.Perhaps, I don't know the rules,
you would. There's things thatmaybe you can do up to the tax
deadline day of April 15 to helplower it.
Because if the parents parents'incomes are assessed at a rate
of have it right here, between2246%. Okay? So that's the

(10:05):
assessment rate on one's income.If the income is lower, it's
gonna be more towards the 22%.If the income is higher, it's
going to be more towards the46%.
Okay? Assets that the parentsown that are assessable, 5.6%.
Another thing that parents areunaware of when it comes with

(10:27):
their children, it is highlyinadvisable for your children to
own the assets at the time thatyou are completing these forms.
Students, incomes above andbeyond a certain threshold like
a standard deduction and taxterms, there's about $78,000

(10:50):
that a student can earn beforethey're penalized. Anything
above and beyond that incomelevel, they're penalized at 46%
right off the bat.
And their assets are 25%. Somuch, much more penalty if the
students are owning it. So it'sadvisable for parents to own the

(11:10):
assets as much as possible. Youcan also get into asset shifting
with grandma and grandpa ifthere's good relationships there
and there's trust because thetax return is a tax return.
FAFSA, you sign off on it.
You have to go into the federalcenter, and and FAFSA will pull

(11:32):
your tax returns from thatportal. K? There's no way around
it. Assets are at the time thatyou file. So today is Veterans
Day, November 11.
If I'm sitting down and I wasworking with a professional, I
might have had assessable,heavily penalized assets up
until yesterday, November 10.Today, with proof and

(11:52):
documentation, meaning takescreenshots, PDFs of where
you're at in case you'reaudited, with proper planning,
you could make yourself lookbroke.

So with so with FAFSA planning, there's two
components. Right? There's theincome side of it Yes. Which is
now with technology, the thethat's gonna get pulled directly
from your tax transcripts. Justlike when you apply for a
mortgage, they pull yourtranscripts.
Then there's the then there'syour personal asset list or

(12:24):
balance sheet that's selfreported. And within those
assets, they're countableassets, cash, savings accounts,
money market accounts. Thenthere are noncountable assets,
like primary residence,etcetera. So, so someone could,
let me give you example. Let'ssay and we're not giving out any
financial advice here.

(12:45):
Correct. But let's say you had$100.00 sitting in your savings
account. Yes. And you had a homeequity line credit of of a 150
that you owed on. It might makesense to take the 100,000 and
pay down the equity line beforebecause you're basically taking
a noncountable accountableasset, reducing that, but not
hurting the non count I don'tknow if that would that would

(13:07):
make sense.
But

Makes total sense. Just an example, not
knowing you know, we don't havea client in front of us and
saying this is what they do.But, yes, the on on the FAFSA,
your primary residence, theequity is not assessable. On the
CSS profile for private schools,it is. K?
So it's a it's a different therethere's a different play there.

(13:32):
But since we're talking FAFSA,the equity in your home, you can
ignore it. The number onemistake that I see that families
have is if you go on to Facebookright now and you go to any
college planning forum, thenumber one question is how do I
accurately value my home? Andyou get and I laugh because

(13:53):
nobody knows. No one has a hard,definitive answer, and I just
let it go because, you know,Chris, you try and be nice in
those groups and you just getflamed.
Some people like go to Zillow.Some people like talk to your
realtor. Everyone has anopinion. I have one designation
right now. It's the certifiedcollege funding specialist.

(14:14):
I have completed my courseworkfor a second designation, which
is a certified college fundingcounselor, CCFC. I'm waiting on
my test results back. In thatclass, there is a federal
government website, I have ithere, let me just pull it up,
that you can go to. And in thecoursework, you go there, you

(14:36):
type in your zip code, and itwill give you an estimate of
your home's value, not the citythat you live in based on the
year that you bought it. Andit's all documented.
You can screenshot it. You canprint it out. It's in my
coursework. It says go here, putin your info, then you get the
value. Let's say your home is300,000.

(14:57):
Cool. The IRS allows what theycall a fire sale. So you can
take the 300,000 value and youcan discount it by 20%. Because
if you had to have a fire saleand get at it and get your
assets, you're not gonna getfull market value. There's not
enough time to wait through, youknow, a market in the peaks and

(15:17):
valleys.
So the FHA website that you cango to, and I will send you the
link where you can post at thebottom when this gets promoted.
And number two is you candiscount it by 20%. Same with
your business. So business andreal estate, can discount by
20%. That's the number oneoverlooked item that families

(15:37):
just aren't aware of.
They don't know what they don'tknow. Know. Number two is
retirement accounts. Anyexisting account balance, four
zero one ks, four zero three b,IRA, you get it. The ABCs of
retirement planning.
Those also do not need to bedisclosed. And based on who is

(15:59):
in office at what time, yourfour zero one contributions
could be assessed, could not beassessed. There was a couple
years ago, they would take yourfour zero one k contribution,
and when they're making orfiguring out your SAI, they
would add it back in. That isnot the case right now. Could
that change?
Absolutely, it could.

Oh, sure. Anything I mean, yes. We are
running, you know, in a worldwhere anything change. And so
asset planning is important,especially for FAFSA. You
mentioned CSS.
Now I'm a little familiar withthis because I went to a
workshop about about this topic,and many private schools have

(16:39):
their own way of determiningwhat a what we used to be called
the family contribution shouldbe. In other words, what your
need is financially. Can youwhat is can you compare the CSS?
Yeah. I know you mentionedthere's a balance sheet, you a
little different personalbalance sheet component.
But, yeah, can you compare CSSto FAFSA a little bit?

Yes. So similar concept to the FAFSA. I like to
joke around that is it's as longas a fiction novel and as
intrusive as your mother-in-law.

Good thing my mother-in-law doesn't listen
to this show.

Yeah. Yeah. I love my mother-in-law. Don't get
me wrong. But it's it's they askyou everything, literally.
It's it's just as detailed astrying to get yourself a
mortgage or you're filling outyour health forms at the
doctor's office. They're gettinginto everything. And here's the
reason being. Private schoolsare private, so they are relying

(17:42):
on alumni and donations to fundtheir coffers. I would.
Therefore, private schools aregoing to be a little bit more
selective and not as nonchalant,let's just say, with the federal
schools or public universitiesthat rely on federal dollars
because we all know how thatworks in terms of waste

(18:07):
sometimes. They are going to askfor your income, your assets.
You and they're very quiet as tohow they come up with their
calculation. You hear, like,that some retirement plans can
be assessed, others don't. Thereare also some schools that will

(18:30):
require you to fill out aadditional university specific
form.
So let's just take University ofMichigan here, just down the
road. You have to do the FAFSA.You have to do the CSS, and then
you have to fill out their ownform. And so that's why it's
incredibly important, Chris,with families is if your due
date to get your financials arenext Monday, you got yourself a

(18:53):
challenge. So that is why Iencourage parents of sophomores
to start thinking about this,talking with a professional,
because then you have to makefinal decisions their junior
year that you're comfortablewith, that lowers their income
as as much as possible, butdoesn't negatively impact other

(19:15):
financial goals that they havedown the road.
That's why it's important toengage in a dialogue with the
financial professional. Whatabout this and what about that?
And then the asset assessmentdoesn't happen until the child's
senior year. So it's reallythree main phases. It's up to
sophomore year.
Sophomore year, sit down withsomeone, spend a lot of time in
the batting cage, getting yourreps in, playing what ifs, you

(19:36):
know, crafting your swingbecause it's gonna be game time
their junior year and extrainnings senior year.

I like the analogy. So when we talk about
college aid, what are some ofthe things available to to
families? I mean, I know I like,I would imagine, you know,
subsidized loans, private loans,grants, scholarships, and and
what's the correlation betweensome a household's income or no.

(20:07):
It's not necessarily ahousehold's income. The CSS and
the FAST fire are both assessingthe same thing.
A household's on paper abilityto pay for the the cost of a
student's college. Is what ifyou could describe that
interplay, to us. Excellent.

So the SAI number, there's a different set
of calculations for FAFSA, andthere's a different set of
calculations for CSS. Looking atmy own situation last night, my
CSS, while it's more invasiveand it's more detailed and more
time consuming, is considerablyless, like 5,000 or $6,000 less

(20:49):
than what my FAFSA is, okay,Just on how the assessments are.
The lower the number, the betterthe chance for a family to
qualify for need based financialaid. That's going to be need
based financial aid is going tobe student loans that are

(21:10):
subsidized. Your grants, like aPell Grant is the most popular
one, things of that nature.
Merit scholarships or otherfinancial aid offers require the
FAFSA, but it's not financiallydriven. It's academically
driven. I don't know why theyrequire it. It's just the rules.

(21:32):
It is what it is.
Now, for folks that earn goodwages, good incomes, They think,
well, why do I even bother,Brian? It's just a waste of
time. I'm not gonna qualify. Youknow, I'm making, you know, 200
of of combined income total.It's important, like I said,
because merit scholarships, theyrequire the FAFSA.

(21:53):
So you could have a student thatis very attracted to that
university. The university wantsthem, are willing to offer some
extra dollars. But because momand dad didn't fill out the
forms, they're on to the nextperson.

Wow. Yes. The ISRA form oh, go ahead. I'm
sorry.

Yep. And then the last piece is that even if
you don't get anything, nofinancial aid, no need based
aid, not even a token thousanddollar. Here it is. Do it anyway
the freshman year. What if yourcircumstances change?
Think of COVID and what happenedto people in their businesses

(22:32):
that lost everything, that weremaking healthy 6 figures, that
their child they didn't qualifyfor financial aid, so they
didn't fill out the forms. Nowthe gym, the local gym down got
they they shut down. They moveddown. Or or a small restaurant.
Now they need financial aid.
All these universities, Chrisand John, they're like, well,

(22:53):
you told us freshman year youdidn't need any financial aid.
Well, we can't help you. Youdidn't so it's it's almost like
do it even if you don't expectto get anything because you
don't know what your situationin the world's gonna look like
sophomore, junior, senior,second senior year. If you're
having a great time,

maybe third senior year. Maybe Van
Wilder year. Well, a whole bunchof year. So so so the fast
fight, this is this is not justso I understand. This is not
something that you just do thewhen they're running in college.
Is this this is filled out eachyear?

Yes. Thank you for bringing thank you for
bringing that up. Another commonoverlooked item, You fill it out
each and every year. I will sitdown with folks. So, like, this
time last year in the 2024, I'mtalking with folks, they're
like, oh my gosh.
Where were you six months ago?Because we already filled it up.

(23:46):
Okay. Well, depending on theuniversity, they may let you
amend or appeal at semesterbreak. Not all.
That's very niche.

They're very

If you I spend John. Yeah. I spend time on the
websites. I love detail. I'llread through every single tab
and link that, you know myoldest daughter's at Wayne State
right now.
We went through a bunch ofstuff. I knew what was on their
website more than theiradmissions office did. And so if
you if you go through, yes, youcan appeal your your age. So as

(24:17):
an example, I could appeal whatmy oldest got up until December
1. So you it's it's not likewhen they start.
Now start the the the calendaryear. So for most people, it's
that August, September. That'snumber one. If you made

(24:40):
omissions or errors, likeincluding the value of your four
zero one ks, including theequity of your primary
residence, just use those two.You can go back into FAFSA and
make an amendment.
So just because I know of peoplethat were so they're just I
gotta get it done. October 1, itopened up. People were in the

(25:04):
portal filling it out,completing it. Great. I will get
around to it after Thanksgivingweekend.
Yep.

So no. So I we have we're just talking
about that FAFSA. Yes. It soundsso when when the when the tax
records are pulled, is it theadjusted gross income that is
your driver?

Yes. It is the adjusted

gross income. Tax planning, think
about this. You know, peoplelistening, we are working with
so if you have a large itemizeddeduction, charitable
contributions, mortgageinterest, property taxes, or if
you get a large tax credit,research and development credit,
energy credit. Those could bepositive on your tax return, but
they don't reduce your adjustedgross income. The AGI is your

(25:50):
number one driver from yourpersonal tax return to FAFSA, to
CSS, and, so not not every deedyou know, so a business
deduction on a schedule c, forinstance, for for someone self
employed is more valuable than atax credit maybe or a Schedule
A.
So there's a lot of factorsinvolved.

Yes. Yes.

I know there are a lot of factors, and
I know that you, launchedessential strategies. And
something really cool about thatyou've done is you created a
proprietary process for helpingfamilies out. But can you give
us an idea as we wrap up? Whatis the grad process? I love the
acronym, by the way.

And Thank you.

Thank you. When when you know, in in
where's a good place? And thenwe'll put it in the show notes
for for someone to go a familyto go to to to just to discover
if it's a if it's a good fit forfor, for you guys coming
together.

Excellent. So the grad process and the acronym
was developed early early twentytwenty four. I was sitting down
kinda sketching out, workingwith a marketing team because
that is not my forte. I'm adetailer. I'm not the the big
picture kind of artist.

(27:14):
And they're like, well, what doyou do with clients? And so g is
clients come to me. They'reoverwhelmed. They're anxious.
They don't know what to do, theywanna help out their kids, but
they don't know how much theycan.
And whoever they are workingwith in the traditional
financial advising community,not a knock on them, but they

(27:36):
don't have any tools orresources to to to look at this
this this similar parallel pathof college planning as well as
retirement planning. And whatwas actually happening is that
you were there was conflictingadvice happening. So you're
taking one step forward, but twosteps back. So g, the grad
process is just basically whereare you at? What are your goals?

(27:57):
What are you looking toaccomplish? What sort of holes
in the bucket that you justdon't know because you don't
know are happening? If you couldwave a magic wand, how would you
design and structure for school?Like, do you wanna pay for it
altogether? Do you wanna haveyour children have a little bit
of skin in the game by takingout student loans?
But if they get all all youknow, b's are higher. Once

(28:20):
they're done with school, youknew all along that you were
gonna pay off their studentloans, but you want the kid to,
you know, have a little bit of astake in there, things like
that. And then just a constantmonitoring, so of, you know,
every every quarter, every year,working with with families of
what they can do to lower thatcost as much as possible.

(28:41):
Because every dollar that afamily uses out of their own
pocket, as you know, based onprior podcasts that you've done,
creates a lost opportunity cost.When I sit down with folks and
they look at the average cost ofschool and they calculate it
out, it's easily $30.40, $50,000a year of lost retirement

(29:06):
income.
So sitting out talking withparents, Chris, at the ball
diamond in right field, which iswhere I hold court, this just
kinda this whole idea, that wasthe genesis. Just sitting down,
I'm like, well, what if Icreated this grad process and
show them how to pay for theirkid's school and get a pay raise
in retirement? Meaning, use themost efficient dollars. Try and

(29:27):
use as much of other people'smoney as possible. Utilizing the
tax code that you're soknowledgeable of with the
business owners, which we didn'teven really tap into, but
there's like a section oneseventy nine or the medical what
is that?
The ones

Bonus bonus depreciation.

Yeah. Bonus depreciation. The one where
where a company could set up astudent loan repayment plan. I
forget what the number is there.Up to $52.50 a year.
Mhmm. All kinds of

assistance program. Yep.

Yep. Yep. And so that's how the grad process
start.

That's all. And and what's the best
place for someone to reach outto you as a next step to if if
they if they're interested inworking with you and your team?

Excellent. I would encourage them to go to my
website,www.essentialstrategies.net. I'm
sure you'll have it posted atthe bottom, and spend some time
on it. I have a resource sectionthat they can up at on one of
the tabs where they can clickon, learn more about how the SAI

(30:35):
is calculated, some generalstudent loan information, just
some basic stuff where they cankinda kick the tires and see,
hey. Is this worth aconversation?
And if they are compelled, onevery page of my website, they
can book a twenty minute call,and all we're gonna do in that
call is determine if we getalong and we like each other.

(30:57):
It's my number one rule ofbusiness is, are we gonna get
along, and can I work with you?

And that and that's a honestly, guys, I think
you accomplished the thechallenge. It's no longer such a
PETA. So good job. You you youyou get a gold star as we tell
my tell my four year old at daycare. It's like, good job.
You you accomplished a goal. Andand I know, guys, it's it might
seem like we're kinda cuttingthe cutting the legs off this a
little early, but even thoughwe've had thirty minutes to talk

(31:26):
about this, right, basicallyscratch the surface, you can go
off in a million differentdirections. But I think the one
thing to take away from thisfrom is just the knowledge of
these that exists in differentsituations, but then also
aligning yourself with the rightperson. Chris, as we've been
mentioning since day one here,right, it's it's finding the the
right individuals for yourpersonal board of directors. And
and and, Brian, it sounds likeyou would be a great fit for

(31:46):
somebody that's looking forsomebody that they can have in
their proverbial Rolodex, right,of somebody they can lean on for
that information.
So we'll be sure to put put somestuff in the show notes as
always, and that way they canreach out. Because, again, this
is not something that's gonna beyou know, the the curtain is not
completely dropping after thirtyminutes. There's a lot that goes
into this complaining too.

And, yeah, like you said, John, it's the
tax your tax returns a driver.One of the two other than your
personal balance sheet in thisin this aid journey, financial
aid or financial need journey.So, it's unique for everyone.
There's special rules for rentalbusiness owners, and and, so,
yeah, definitely reach out toBrian and his team, see if it's

(32:28):
a good fit. And, you know, I'veI've I'm happy that we're able
to to do this episode.
I've been wanting to dive intothis topic for a long time. So,
Brian, thank you so much forjoining us, man. I appreciate
it. Pleasure's all mine. Thankyou.
Really appreciate it.

Awesome. Well, thank you, gentlemen, both for
for joining us on this one. And,Brian, thanks for taking the
time. And, you know, it's alwayseasier when we have a guest, so
me and Chris don't have to sitthere and stare at each other.
And he does don't have to askthe tough questions he doesn't
want me to, and I don't feellike I'm putting him on the
spot.
So it works out well. We get toput him on you. But thank you
guys so much again. Great topic.There'll be more to come on
this.
And, again, if anybody hasspecific questions, send them

(33:04):
over to Brian. Send them over tous. We'll relay them out. But
the only wrong question is theone that you don't ask. So take
that into account and rememberthat.
I think with everything in life,right, maybe just don't think
about this when you're at a redlight because that's all another
situation, especially if you'rein Michigan, you'll get rear
ended. If it turns green, I cansay that, Brian, because I live
here too. But again, everybody,we'll see you back here again

(33:25):
next week on the Teaching TaxReform podcast. Have a good
week, everybody.

Disclaimer (33:32):
The content provided is for educational purposes
only. We encourage you to seekpersonalized investment advice
from your financialprofessional. For all tax and
legal advice, please consultyour CPA or attorney. Investment
advisory services are offeredthrough Cabin Advisors, a
registered investment advisor.Securities are offered through
Cabin Securities, a registeredbroker dealer.
The content of this podcast doesnot constitute an offer of

(33:54):
securities. Offerings can onlybe made through an offering
memorandum, and you shouldcarefully examine the risk
factors and other informationcontained in the memorandum.

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Ep. 164 | Student Aid + Tax Planning (FAFSA)

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Ep. 164 | Student Aid + Tax Planning (FAFSA)