Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

Should I spend 54000 dollars to pay for college or to invest…

Should I spend 54000 dollars...
Should I spend 54000 dollars to pay for college or to invest it all into dividend producing assets and use the dividends to pay off the student loans
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 hours by:
3/11/2018
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,560
Experience: 29 years of experience as a tax, real estate, and business attorney.
Verified

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Ask Your Own Tax Question

Good morning. It all depends upon the interest rate on the student loans and the rate of return you think you can earn on the $54,000. Typically, the higher the rate of return you would earn, the higher the risk you must take to earn that rate of return so you need to factor that in as well. But, if the student loan interest rate (which is going to be known) is higher than what you can earn on the $54,000, then you should use the $54,000 to pay for college; if the reverse is true....go the student loan route. :)

Ask Your Own Tax Question

Thank you so much for allowing me to help you with your question. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as Good or Excellent (i.e., 4 or 5 stars)(hopefully Excellent/5 stars!). Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating!

Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,560
Experience: 29 years of experience as a tax, real estate, and business attorney.
Verified
Richard and 87 other Tax Specialists are ready to help you
Ask your own question now

Thank you so much for the 5-star rating! I know rating takes an additional step and I truly appreciate you taking the extra time! It's been my honor and privilege to help you with this. If I can help you in any way in the future, I'll be happy to help. For easy access, my bookmark is: www.justanswer.com/law/expert-legalbeacon/ . Or, simply request “Richard only” in the first line of your question.

Ask Your Own Tax Question
Was this answer helpful?
Ask Richard Your Own Question
Richard
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,560
56,560 Satisfied Customers
Experience: 29 years of experience as a tax, real estate, and business attorney.

Richard is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

56,560 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
On line 19 of the qualified dividends and capital gain tax
On line 19 of the qualified dividends and capital gain tax worksheet, you are requested to enter the smaller of line 14 or line 18. What do you enter if both amounts are the same? … read more
abci168
abci168
Principal
27 satisfied customers
Do I need to list dividends that I earned but never
Do I need to list dividends that I earned but never received? These monies are in a trust fund left by my father. They were reinvested. … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Just discovered $1000 dividend income. Will IRS be confused
Just discovered $1000 dividend income. Will IRS be confused if I send 1040X today when I just filed my 1040 yesterday? Should I wait a couple of weeks? … read more
Carter McBride
Carter McBride
LLM
957 satisfied customers
If I have aid taxes on interest and dividends every year for
If I have aid taxes on interest and dividends every year for money i a trust, do I need to pay taxes on the money in my trust cash account again when I withdraw the money? … read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor\u0027s Degree
83 satisfied customers
My soon to be ex husband received dividends on stock he
My soon to be ex husband received dividends on stock he holds. Dividends received from April 2017 - April 2018 should be transferred to me. The divorce will be finalized on April 17, 2018. He collecte… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have qualified dividends. They are included on page 1.
I have qualified dividends. They are included on page 1. When I do the Qualified dividends and capital gain tax worksheet they are included again. It appears that they are being taxed twice. What am I… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Are qualified dividends to be included in the ordinary
Are qualified dividends to be included in the ordinary dividend total required to be shown on line 9a? … read more
Carter McBride
Carter McBride
LLM
957 satisfied customers
I live in NH. My total dividends from Trusts are. $2,228,
$2,228, but not all of that is taxable on my federal tax return. What does NH tax ? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What can I do if I don't have interest and dividend numbers
What can I do if I don't have interest and dividend numbers from … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,906 satisfied customers
Do i pay income tax,on dividends on stocks,if they are
do i pay income tax,on dividends on stocks,if they are rolled over into more stocks. Or when i withdrawl, from my stocks… read more
abci168
abci168
Principal
27 satisfied customers
I have a question about tax exempt dividends in a mutual
I have a question about tax exempt dividends in a mutual fund that are from a state other than Oregon. Are they taxable in Oregon? This refers to tax schedule OR-ASC … read more
Carter McBride
Carter McBride
LLM
957 satisfied customers
SCHEDULE SHOWS DIVIDENDS FROM SCHWAB TWICE. INFORMATION
SCHEDULE B SHOWS DIVIDENDS FROM CHARLES SCHWAB TWICE. INFORMATION INCORPORTING DIVIDEND INFORMATION FROM BROKER IS CORRECT. HOW DO I CORRECT SCHEDULE B? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,906 satisfied customers
Are royalties, interest and dividends reported in boxes 5,6a
are royalties, interest and dividends reported in boxes 5,6a and 7 of schedule K-1 required to be reported if held if stock is held in an IRA … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I made $150.90 in interest and dividends plus my social
I made $150.90 in interest and dividends plus my social security. My age is 72. Do I have to file … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,906 satisfied customers
I have a client that received Interest, dividend, short-term
I have a client that received Interest, dividend, short-term loss and Long-term gain income from a CMCF Common trust Fund which is a grantor trust. The trust income is taxable to my client. And, the o… read more
Carter McBride
Carter McBride
LLM
957 satisfied customers
Are the accumulated dividends on a life insurance policy
Are the accumulated dividends on a life insurance policy usually apart of the gross value listed on schedule D of form 706 or should it be reported somewhere else?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I plan to declare some foreign interest and dividends
I plan to declare some foreign interest and dividends totaling about 3000 pounds in each of the last 3 years, on some of which i suffered withholding tax at source. I have not been submitting an annua… read more
taxmanrog
taxmanrog
Master\u0027s Degree
897 satisfied customers
Same question on the taxation of interest and dividends (on
Same question on the taxation of interest and dividends (on mutual funds) earned inside a disclaimed portion trust ... disclaimer trust . The original owner of a trust passed and the spouse declined a… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x