Should I start a Roth Ira or 529 plan for kids

I would go with the Roth IRA. Just make sure you choose your investments wisely...I would look for some funds that have been around for a little while. This way you can look at the history of returns to see how well the fund has done over the past 20 years or so that includes recessions, crashes, etc...

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Im pretty sure for a roth the individual needs to be making some amount of money in order to contribute and you cant contribute more than that amount for that year.

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This. It would be difficult to show a 2 year old as earning an income. Now once they hit 12-14, one could make it happen.

529 if you are wanting this to be for college savings.

This will sound insensitive, but am I the only one not saving for my kids' college?

Whatever happened to scholarships, jobs, and student loans? My kids need to see it as a business decision, not an entitlement.

I seem to be in the minority on this one. However, based on their grades I plan to pay them back a certain percentage upon graduation (money from side investments, not a specific college fund).

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This will sound insensitive, but am I the only one not saving for my kids' college?

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However, based on their grades I plan to pay them back a certain percentage upon graduation (money from side investments, not a specific college fund).

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To me that sounds like you will have save and or pay part of it.


My parents didn't have shite me and were 170k debt. They are now out of debt.

I took the bull by the horns and found a way to get it paid. It's set me back a little but I'll be done this December.

I don't have kids but I at least want to have something for them for school. I'll admit, I was extremely jealous of my friends that had their parents pay their school.

I joined the guard, deployed, etc to get my school paid. I'm glad I did it and would do it all over again. There is a boat load in school funding and it will set me and my soon to be wife in an awesome financial situation when I'm done with school. We're completely debt free, 2 paid off cars, and probably 15-20k in the bank. None of that would have been possible if I didn't join. I hate the guard with a passion and it's a pain in the arse but it's been a lifesaver for me.

We can't wait to get a house and we can get a va loan. Once I land a job we'll be netting about 5 to 6k a month with zero debt and cheap arse rent/bills.


My kids will have it better than me. I'm proud of my parents for not passing their debt on to me but it was a hard 5 years on the entire family with them working literally probably 85 hours a week for 5 years. Barring something medically, I'll die making sure me and my future family are not in a situation like that. It's awful, I'll never be a slave to debt.

It is not insensitive. It is far easier for your kids to get a loan for college than for you in retirement.