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Originally Posted by xtine I'm looking into saving up for Khristianna's college fund.
I've received this thing in the mail,a nd was wondering if i should apply for it. www.gerberlife.com
it's called the grow up plan
it's basically life insurance for Tianna, till she's 21 it doubles and she can cash it out or something of that nature.
or should i just open an account and just put money in there every month lol (i am so tempted i might spend it LOL)
anyone have this or anything like this for their kids? should i apply? |
I don't know about this but some states have a
529 plan just for college funds .... and I believe they are
tax deferred an NO tax paid if used for education. http://www.schwab.com/public/schwab/home/account_types/college_custodial/529?cmsid=P-992748&lvl1=home&lvl2=account_types&refid=P-1013550&refpid=P-999837 http://www.savingforcollege.com/intro_to_529s/ http://www.vanguard.com/VGApp/hnw/accounttypes/college/ATS529OverviewContent.jsp
I used the old method, I refinanced .. and NOW she wants to go for her MA in Elem Ed. So here I go again .... hope this helped you somewhat!