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re: Best Plan for Kid's College Funds
Posted on 10/7/13 at 9:40 pm to Outdoor Chef
Posted on 10/7/13 at 9:40 pm to Outdoor Chef
I don't have a kid yet, but my plan is to just start a separate savings account and try to get them to pay for school themselves. If they can manage it give them what's in the account as a grad present. If they can't make enough money use it to help em out.
2
Posted on 10/7/13 at 9:44 pm to DownshiftAndFloorIt
That's what we did but we used our 2nd roth space for it. They'll know they need to help & if they get scholarships great. By then the house will be paid so hopefully we can cash flow most of it. If not we tap that 2nd Roth.
Posted on 10/7/13 at 9:46 pm to DownshiftAndFloorIt
quote:
but my plan is to just start a separate savings account and try to get them to pay for school themselves. If they can manage it give them what's in the account as a grad present.
Yeah, I definitely think that's to be weighed against the other options. I consider it all the time as it holds the most flexibility.
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