Akanagi Group Research: College Spending Decisions Could Have Implications for Financial Aid Eligibility, Tax Costs, And Retirement Savings Goals

A college education is one of the most expensive investments most families will make

Akanagi Group, a Pan Asian asset management business with experience across a range of asset classes that manages investments on behalf of individual clients, institutional investors and pension funds, wholesale distributors and platforms, financial advisers and their clients, today announced the findings the study concerning college education.
While a variety of financial aid packages are available, being able to navigate how saving and spending decisions could impact financial aid packages is critical to lowering the overall tuition bill. In tackling the tuition laws, the first research paper in the Financial Planning Perspectives Series, Akanagi Group researchers recommend three actions to take when considering college spending options:
• Evaluate factors for financial aid eligibility. When seeking financial aid, parental and student income and assets can significantly influence eligibility. Identify the income sources and assets that most affect eligibility and create a spending strategy that maximizes the student’s chances of obtaining aid. Spending student assets early and delaying spending that will count as income can boost the amount of aid a student may be eligible for in later years.
• Use tax benefits to offset college costs. Various tax credits and deductions are available for most families as they pay higher education expenses. Understand what tax benefits are available and create a spending plan that takes full advantage of them. This can substantially lower the after-tax cost of college. Be aware, too, of tax implications when tapping various account types. Spending from tax-deferred accounts can increase taxable income, and spending from taxable accounts can mean realizing gains or losses.

About Akanagi Group
Akanagi Group is a Pan Asian asset management business with experience across a range of asset classes and a specialist investment company by market sectors. The firm manages investments on behalf of individual clients, institutional investors and pension funds, wholesale distributors and platforms, financial advisers and their clients. The Group’s specialist investment teams set their own investment philosophy and processes. They share a commitment to acting in our clients’ best interests and to generating long-term portfolio performance. Akanagi Group focuses on Japanese stocks with earnings growing, which will be priced in eventually. The company’s belief is that it can find growing companies even in the mature Japanese market.

Akanagi Group
St. Luke's Tower, 8-1, Akashicho, 104-0044, Tokyo, Japan
public@akanagi-group.com
Kaiji Ota

This release was published on openPR.