Comments on: 529 College Savings Plans

By: 529 Plan and College Savings: Should We Contribute? | Prime Time Money

529 Plan and College Savings: Should We Contribute? | Prime Time Money — Wed, 04 Mar 2009 12:01:15 +0000

[...] ABCs of Investing – We have RESP accounts set up for our kids (Canadian equivalent) although to be honest, it’s the grandparents that fund it. I think it’s a good idea to save some money for your kids education but I don’t put a lot of priority on it – ie it’s a “nice to have”. [...]

By: Life Insurance: When and Where to Get It? | Prime Time Money

Life Insurance: When and Where to Get It? | Prime Time Money — Fri, 27 Feb 2009 12:01:25 +0000

[...] ABCs of Investing – Life insurance – yes I have it. I’m the sole breadwinner in my fam so if we want my wife & kiddies to keep the same standard of living if I kick the bucket then it is necessary. You should be able to look up quotes online. [...]

By: Tony Karakashian

Tony Karakashian — Fri, 23 Jan 2009 14:26:48 +0000

Great intro, but one question: “you have to choose which state plan you want to set up” Does that refer to the state that I think my daughter will go to college in, or am I just picking a state that has the best “terms” for me and she can use those funds whereever?

Thanks!

By: elementaryfinance

elementaryfinance — Fri, 23 Jan 2009 13:55:08 +0000

The 529 plan is a great way to fund college expenses but you have to adopt a lifestyle that keeps you paying in to it. I’ve known a lot of people who have started strong but quit funding it over time. . On my site, I advocate finding money within your current budget to “pay yourself” If you made coffee at home rather than buying it at the local coffee shop, “pay yourself” that $4 straight in to your savings account or 529. Read my article (linked here) to read the rest. Thanks for doing a great job on this article!