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Started By
Message
40k for high school tuition
Posted on 4/3/19 at 1:46 pm
Posted on 4/3/19 at 1:46 pm
Inheriting around 40k that i would like to put aside for my kids high school tuition. Kids are in 5th, 3rd and 1st grades. Already been putting into the LA529 program for college, so this would be just for high school.
Where / What would be the best place to put this money in to gain the most interest / return with lowest risk (I know these don't go hand in hand).
The Start K12, a CD, a regular old bank account , something else?
Where / What would be the best place to put this money in to gain the most interest / return with lowest risk (I know these don't go hand in hand).
The Start K12, a CD, a regular old bank account , something else?
This post was edited on 4/3/19 at 1:49 pm
Posted on 4/3/19 at 1:58 pm to Buck Dancer
UGMA account. Unified gift for minor account.
Posted on 4/3/19 at 2:18 pm to jralspanky
quote:
that may cover one semester
FIFY
Posted on 4/3/19 at 2:26 pm to jralspanky
quote:
that may cover one
OP still has time.
Posted on 4/3/19 at 2:31 pm to finchmeister08
Tuition at the Catholic high schools down here is around $10k a year
Posted on 4/3/19 at 2:50 pm to Buck Dancer
The new K-12 529 plans might be a good fit here. Investment would grow tax deferred and you can pull out 10k a year tax-free for educational expenses.
Posted on 4/3/19 at 2:50 pm to Buck Dancer
In Trump's America, you can use your 529 for high school expenses. Its the best vehicle.
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