| Posted By |
Message |
b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
|
spinoff to saving for college...
If you are saving for your childs college education what type of acct did you set up and why do you feel it was most beneficial?
TIA!
|
Posted 5/5/15 1:47 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
Nic1229
LIF Adolescent
Member since 5/13 639 total posts
Name:
Nicole
|
spinoff to saving for college...
I opened a regular youth account with all her money from her baptism at Bethpage bc at the time they had the best interest rates (this was 6 months ago)
I also have been looking into starting one of those accounts that takes out before taxes right from your check for colleges savings.. totally forgot the name, but I was talking to the guy at BOA about it a few weeks ago.
|
| Posted 5/5/15 1:56 PM |
| |
|
Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
|
Re: spinoff to saving for college...
529 College Savings Account.
Everything we read said it's one of the best choices to save for your child's education. As we have more money available through the years we might look into other investments but for now all we have it the 529 accounts for each of our kids.
|
| Posted 5/5/15 2:17 PM |
| |
|
TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
|
Re: spinoff to saving for college...
We have a 529 and a regular savings.
|
| Posted 5/5/15 2:18 PM |
| |
|
MrsT809
LIF Adult
Member since 9/09 12167 total posts
Name:
|
spinoff to saving for college...
529 from vanguard
|
| Posted 5/5/15 3:15 PM |
| |
|
jessnbrian
Only God knows His plan for us
Member since 4/13 7238 total posts
Name:
Jessica
|
spinoff to saving for college...
529 from Vanguard for us, my grandfather did a 529 with his wealth manager, and we also have a regular youth savings account for any gifts he receives, and we gave him a few hundred to start off with as a "birthday" gift when he was born.
|
| Posted 5/5/15 3:22 PM |
| |
|
DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
|
Re: spinoff to saving for college...
529 through vanguard, it was free to setup through vanguard that is why we went with them and the interest on a 529 is incredible plus if used for college it's tax free
Each of my kids has two, one we contribute to and one my parents contribute to, all monetary gifts they recieve go into their account, we also have a Roth IRA for each child
Message edited 5/5/2015 3:37:03 PM.
|
| Posted 5/5/15 3:35 PM |
| |
|
|
|
Re: spinoff to saving for college...
Posted by TheDivineMrsM
We have a 529 and a regular savings.
Ditto
|
| Posted 5/5/15 3:56 PM |
| |
|
stinger
LIF Adult
Member since 11/11 4971 total posts
Name:
|
Re: spinoff to saving for college...
529 but its not the one that you can expense on taxes. Its the more aggressive one.
|
| Posted 5/5/15 4:07 PM |
| |
|
alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
|
spinoff to saving for college...
We have 2 529 accounts and a regular saving account for DS.
|
| Posted 5/5/15 4:53 PM |
| |
|
LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
|
spinoff to saving for college...
529, personal savings, and CDs
|
| Posted 5/5/15 7:48 PM |
| |
|
Katareen
5,000 Posts!
Member since 4/10 7180 total posts
Name:
Katherine
|
Re: spinoff to saving for college...
Posted by DiamondGirl
529 through vanguard, it was free to setup through vanguard that is why we went with them and the interest on a 529 is incredible plus if used for college it's tax free
Each of my kids has two, one we contribute to and one my parents contribute to, all monetary gifts they recieve go into their account, we also have a Roth IRA for each child
If you don't mind me asking, how do young kids have a Roth IRA? Don't they require proof of earned income?
|
| Posted 5/5/15 10:57 PM |
| |
|
Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
|
Re: spinoff to saving for college...
We have a regular brokerage account (mix of stocks and funds I chose). I have an IRA in my name that we may use if needed. Will never do 529. Private sector is so unstable , and people get laid off left and right when they near a certain age (50+) ! Worst case scenario (for us) would be a job loss and then having big money tied up in 529. At least if one of us is not working, we could try for financial aid and grants.
Message edited 5/6/2015 8:08:40 AM.
|
| Posted 5/6/15 8:07 AM |
| |
|
Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
|
spinoff to saving for college...
529
|
| Posted 5/6/15 8:11 AM |
| |
|
b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
|
spinoff to saving for college...
THanks -- im going to look into opening a 529 with Vanguard asap.
|
| Posted 5/6/15 9:14 AM |
| |
|
