Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If the interest paid to the financial institution is determined by an advisor or accountant to be non-deductible, will the Financed Planning™ program still work?

April 26, 2017Accountant advisor financed financial institution non-deductible paid program

0

Posted

If the interest paid to the financial institution is determined by an advisor or accountant to be non-deductible, will the Financed Planning™ program still work?

1 Answer

0

Posted

A | Yes. It will still work because you are still borrowing money with a simple interest loan and investing it in a compounding tax-deferred product. The deduction only reduces the cost of the program.