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re: Saving for my kids college

Posted on 4/10/13 at 7:37 am to
Posted by BestBanker
Member since Nov 2011
17556 posts
Posted on 4/10/13 at 7:37 am to
quote:

Well, spread the knowledge instead of being so vague. Nobody here knows who you are


Says the url computer genius.
Ok. We'll start with a basic question first:

Why does there seem to be a great fear of not having sufficient assets to pay for a child's higher education expenses 10, 15, or 18 years down the road?

Keep your answer simple, and ease up on sarcastic, witty responses. This is not a trick.
:inb4ihavetostartsavingnowforthefuture: (I get it)

I'll check back later. Busy enjoying a half-day off!
Posted by BestBanker
Member since Nov 2011
17556 posts
Posted on 4/11/13 at 7:17 am to
IRS has the Power to Read All Digital Content

I only added this because many of us don't want to accept reality.
Be wise and prudent.
Posted by Siderophore
Member since Nov 2010
3338 posts
Posted on 4/14/13 at 10:30 pm to
quote:

Why does there seem to be a great fear of not having sufficient assets to pay for a child's higher education expenses 10, 15, or 18 years down the road?


Because there are few people taking in enough cash to pay ~15k per child per year in addition to current expenses.

So that screams for saving. And savings stockpiles of that size get big advantages from being in a tax sheild.
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