Being an attractive strategy (The Foolish Four), I want to utilize this method to save for my child's education (who happens to be almost 3 yrs old).I know that states have their own Savings Plans and Prepaid Programs, but is there any tax strategy that can be utilized to pay for her education (and not a measly $2,000 contribution deal per year like an educational Roth IRA) so as to not get whacked on taxes on either the front end (hopefully pretax dollars), (tax deferral), or (some type of annuity). I would like to use with the Foolish Four or even a mutual fund like The Spectra Fund with a great rate of return over the long haul... Any recommendations?Help time is running out.
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