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Saving for my kids college
Posted on 4/9/13 at 7:19 am
Posted on 4/9/13 at 7:19 am
I have 2 kids. a 2 year old and and 3 and a half year old. I have been saving since they were born. Alabama's prepaid tuition program is basically bankrupt, so this is not an option. I really want to keep the risk to a minimum. I have about 10k for them so far and save 100 a week. Where would be the best place to put this for 15-16 years and get the most with the least amt of risk? thanks
4
Posted on 4/9/13 at 7:25 am to keeton350
Why not a 529 plan?
Posted on 4/9/13 at 7:36 am to keeton350
Fully research IRS Code Sec. 529 law before consideration. Understand risk of investments you choose combined with coordination of assets entrusted in your children's names to FAFSA filing. I do not use any government established tax law "savings plans" for this or any of my future savings desires.
Posted on 4/9/13 at 11:26 am to keeton350
Alabama's new 529 plan (College Counts) through Vanguard is the way to go.
Posted on 4/14/13 at 9:08 pm to keeton350
By the time your kids are of age, college prices will more than likely double what you expect them to be today.
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