nikkipal
Sapphire
Posts: 2,751 Likes: 8,044
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Post by nikkipal on Jul 28, 2017 16:09:19 GMT -6
Do you have savings accounts for your kids' college? What kind? I'm thinking if we have some sort of account, we can add to it when she gets checks for birthdays and whatnot.
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stringy
Opal
Posts: 8,306 Likes: 22,157
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Post by stringy on Jul 28, 2017 16:50:12 GMT -6
529s for each
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milano
Emerald
Posts: 10,914 Likes: 36,993
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Post by milano on Jul 28, 2017 17:13:57 GMT -6
We don't yet, it's on the list of things to set up. I don't know that we'll do 529s, but we plan on setting up some sort of savings that's intended for education.
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Post by charlotte on Jul 28, 2017 17:20:01 GMT -6
We just have a regular savings account for him.
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rugger
Amethyst
Posts: 5,768 Likes: 14,536
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Post by rugger on Jul 28, 2017 17:23:06 GMT -6
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Post by brandiewine11 on Jul 28, 2017 17:26:10 GMT -6
We have an investment account currently and some in a regular savings waiting to go into something else. Just not sure what yet.
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Post by ovenrack on Jul 28, 2017 17:43:19 GMT -6
Investment accounts. I have no idea what college will look like in 18 years. Also we have a family business so who knows if the kids will want to go.
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nikkipal
Sapphire
Posts: 2,751 Likes: 8,044
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Post by nikkipal on Jul 28, 2017 17:47:43 GMT -6
Investment accounts. I have no idea what college will look like in 18 years. Also we have a family business so who knows if the kids will want to go. See, I worry about what happens if it's not used for college too. Also, if I'm still at my current job, they pay for tuition (minus a significant deductible).
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stringy
Opal
Posts: 8,306 Likes: 22,157
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Post by stringy on Jul 28, 2017 17:54:40 GMT -6
Investment accounts. I have no idea what college will look like in 18 years. Also we have a family business so who knows if the kids will want to go. See, I worry about what happens if it's not used for college too. Also, if I'm still at my current job, they pay for tuition (minus a significant deductible). It can be used for any post secondary education for almost any family member. If no one ever wants to take any classes you pay 10% on earnings. If you do use it you pay no taxes on earnings.
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Post by Dramaphile on Jul 29, 2017 12:31:53 GMT -6
We just signed up for a 529 for Nugget
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kona
Gold
Posts: 656 Likes: 1,446
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Post by kona on Jul 29, 2017 17:43:26 GMT -6
We have ESAs and 529s for each kid. We really only contribute to the ESAs. Grandparents use the 529s.
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piccyami
Platinum
Posts: 1,047 Likes: 1,884
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Post by piccyami on Jul 31, 2017 7:19:23 GMT -6
We're still trying to figure all this stuff out. We're leaning in the direction of investment accounts and maybe getting 529s for some of the money. Basically, we have no idea beyond the fact that we need to save.
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Post by CurlieWhirlie on Jul 31, 2017 17:02:11 GMT -6
We have nothing for any of our kids and thanks for the new thing to keep me up at night!
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