Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm sure you will be pointed to several college savings websites. In the end no one knows the best way to save for college. Rules & Laws keep changing, tax laws are ever changing. What might work best today could be a killer when it comes time to pull the money out.

I'm all for keeping money in the parents name, and in savings that are not college specific. Since you get penalized up the "you know what" for taking money out for other purposes or risk your kids blowing it. Don't give me the raise them right routine, or don't tell them. You never know if they will find out, or suddenly want the Ferrari instead.

If anything at least you aware of the issue and are starting to save, that puts you way ahead of the game.

I'd love to know specifically where people are putting their money and how much they are saving per child. Attached to that the reason they put this much in and what they expect to get out of it when the time comes. This would give everyone a good idea of the reality in saving for college.

Dave K
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.