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Subject:  Re: Please Help me Optimize! Date:  12/12/2001  6:42 PM
Author:  WPatch Number:  32820 of 88431

1) Is is possible to place additional income in tax-deferred vehicles? Can I put money into an educational IRA, even though I have no children (I hope to have at least a dozen in the future ;-) )

EIRA is out. You could use a 529 plan, naming yourself as beneficiary. After you have children, youo can switch beneficiaries without penalty. The proceeds from 529 plans can be used tax-free for qualified educational expenses.

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