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College costs: five years to go

If you have five years or more before your teen enters college, consider these savings and investment plans:
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Education IRA
An Education IRA (Coverdell Education Savings
Account) can grow tax-deferred and withdrawls
are tax free for qualified distributions.
There are contribution and distribution limits. |
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Section 529 College
Savings Plans 1, 2, 3
"529s" may be one of the best plans for the
typical student. These accounts allow a variety
of contribution sizes and investments can
grow tax-deffered. When funds are withdrawn,
growth is tax-free if used for qualified college
expenses. |
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Mutual Funds
2, 3
A mutual fund is a pool of investments managedError 500: com.farmers.farmcomm.navigation.DynamicNavigation (initialization failure)
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