Educational Savings for Your Kids

What do you think of gerber start smart college plan?

invest — Sun, 19 May 2013 15:35:39 +0000

I have been looking onto this plan as well as the grow up plan.I want to know what you think about both. Here is a link to the gerber web site that talks about them.

https://www.gerberlife.com/gl/view/guide_products/index.jsp

Can I put college refund check back into a 529k plan?

invest — Thu, 16 May 2013 15:28:33 +0000

My daughter just started college. To pay for it I’ve taken money out of her 529k plan to pay, however she received a partial scholarship at the last minute and the college sent us a check for the difference. Can I put that money back into my daughters 529k plan without incurring any tax penalty or obligation to inform the IRS of it?

Can I convert an IRA account to a 529 college savings account without tax penalty?

invest — Mon, 13 May 2013 15:28:54 +0000

I have an IRA that I opened after I closed out an old 401(k) but now I would like to use that money to open some 529 accounts for my kids. Can I convert the IRA to a 529 or will I have to pay a big tax penalty for cashing out first?
this is a traditional IRA and NOT a Roth IRA

How much do you set aside for your kid’s college fund every month?

invest — Fri, 10 May 2013 15:31:45 +0000

Do you plan on paying the whole 4 years of their college or just some?
What plan do you use? For example, Gerber College Plan, 529, etc.
Thanks!

Would you save for your Kids college or for your Retirement ?

invest — Sat, 04 May 2013 15:28:40 +0000

- I have a 3 year old kid, I am planning to save for his college education.

- I haven’t started saving anything for retirement yet(I am 35 yr old )

1) Do you first start saving for your retirement or for your kids college education ?

2) Can you recommend the best ways to save them ?

Have a large amount to invest where does the research begin?

invest — Wed, 01 May 2013 15:44:43 +0000

Just wondering if anyone know any legit sites with good amounts of information on investing in general, types of investments, help with understanding the stock market, and planning a long term investment. (over 4 years) I keep running into sites that im having a hard time trusting. I’m in early 20′s and this $350k came to me unexpected, that is why im unprepared for this. Any help is appeciated.

What do you recommend as far as putting money aside for children’s education?

invest — Sun, 28 Apr 2013 15:30:59 +0000

I have been doing some research on the Gerber Life plan but not sure if thats the way to go. Would you recommend a type of mutual fund or just set up some sort of savings acount?

How much should I save to have a good backup fund/savings?

invest — Mon, 22 Apr 2013 15:32:31 +0000

My husband and I just had a baby (9 mo’s old) and we’ve been diligently saving ever since he was born just because. For an emergency plan, a buffer, and just b/c we like to combat materialism and waste.

Since last Sept. we’ve saved about 2.5 months worth of take-home pay, and by this Dec. we’ll have saved over 3.5 months of take-home pay. We did this by saving 90-95% of extra paychecks, bonuses, tax refunds, etc. I have it earning interest in an ING acct.

Since we’ve never really saved before, should we strive for a certain % of our take-home pay (or month’s worth), or do you just keep saving with no goal amount in mind?

Your input is appreciated.

Is the gerber life college plan worth it?

invest — Fri, 19 Apr 2013 15:28:41 +0000

My son is almost 2 months old and i was looking at the gerber life college plan to see if we should do it Has anyone already done it? Is it a good plan?

Plan-alan Time

invest — Tue, 16 Apr 2013 15:35:24 +0000

What’s basically going on right now. Crazy i know