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Saving / Investing for my kids college tuition - What's the best approach?
Posted on 12/31/14 at 9:18 am
Posted on 12/31/14 at 9:18 am
I'm trying to figure out the best plan to save and invest $ for my kids college tuition. I live in Texas, and they have a few different savings plans that basically lock in the price of tuition today for any public college in the state. I can do monthly installments for this, however there's a 8% annual interest charge. If my kids want to go out of state, I believe I can get all my $ back, but I don't think I get any interest on it.
So is it a good idea to buy into these plans, or rather invest in something else that I'll get a return on? Tuition prices have gone up a ton the past few decades and maybe locking in the tuition price today is a good idea. I really just don't know...
Anybody care to share their opinion on this?
So is it a good idea to buy into these plans, or rather invest in something else that I'll get a return on? Tuition prices have gone up a ton the past few decades and maybe locking in the tuition price today is a good idea. I really just don't know...
Anybody care to share their opinion on this?
This post was edited on 12/31/14 at 9:20 am
Posted on 12/31/14 at 9:25 am to SUB
1. have a black daughter
2. get her to play golf
3. ...
4. Profit
2. get her to play golf
3. ...
4. Profit
Posted on 12/31/14 at 10:47 am to SUB
1. Max your retirement savings
2. If you have money left, consider 529 and/or Coverdell Education IRA
2. If you have money left, consider 529 and/or Coverdell Education IRA
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