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re: Let's Talk College Funds
Posted on 5/27/14 at 3:52 pm to 318TigerFan
Posted on 5/27/14 at 3:52 pm to 318TigerFan
That's good to know. I need to do some more research on this and get it going.
The 10% penalty sucks but if you saved $100k and your kids are on full rides, I'd say you have reason to celebrate. Not only not paying for college but you just got handed an extra $90k you didn't think you'd ever have to play with.
The 10% penalty sucks but if you saved $100k and your kids are on full rides, I'd say you have reason to celebrate. Not only not paying for college but you just got handed an extra $90k you didn't think you'd ever have to play with.
2
Posted on 5/27/14 at 3:54 pm to CQQ
quote:
That's good to know. I need to do some more research on this and get it going.
I am still learning myself. We are expecting our first in December. If you find anything new, please post it.
Posted on 5/27/14 at 3:57 pm to CQQ
quote:
The 10% penalty sucks but if you saved $100k and your kids are on full rides, I'd say you have reason to celebrate. Not only not paying for college but you just got handed an extra $90k you didn't think you'd ever have to play with.
Think about your gains, though. If your account has more than a 10% growth, then you haven't lost a cent in the long run. I'm not sure what the percentages are for college funds, but that doesn't seem unreasonable.
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