Should I start a college fund for my kids?

Asked 4 years ago

I am not sure I want to start one because there's always a chance they will end up not going, and then there's a penalty. What have you guys done? I want to start a small investment account for them. Thanks!

College funds for children Brokerage account for children Investment advice

Andia Rispah Igobwa

Friday, May 21, 2021

Should your kid fail to go to college you can avoid penalties on your 529 plan. Here's how:
﻿Give the fund to another family member who wants to go to college
Use the fund later when the beneficiary goes to graduate school
Use the fund to further your own education
Pay for a grandchild in future
﻿

Write an answer...﻿

Cancel

Please follow our Community Guidelines

What You Need to Know Before Buying Crypto With PayPal

Shir Lapidot

April 21, 2021

How to Determine When to Buy and Sell Dogecoin

Filip Dimkovski

May 25, 2021

The Best Brokers and Apps for Trading OTC and Penny Stocks in 2021

Andrew Moran

August 11, 2021

Filip Dimkovski

Simon Mugo

Taj Schlebusch

Andia Rispah Igobwa

Filip Dimkovski

Simon Mugo

Andia Rispah Igobwa

Filip Dimkovski

Can't find what you're looking for?

Should I start a college fund for my kids?

Related Articles

What You Need to Know Before Buying Crypto With PayPal

How to Determine When to Buy and Sell Dogecoin

The Best Brokers and Apps for Trading OTC and Penny Stocks in 2021

Related Posts

Should I Open an Investment Account for My Children?

Should I Invest in Walmart and Microsoft?

How Can a Beginner Start Investing In the Stock Market?

What Do You Wish Someone Told You About the Stock Market When You Were in Your 20's?

Is It Recommended to Buy Monthly Shares or Put Money Towards Existing Shares?

Would It Be Worth Investing 10k in Stocks When You Are Planning On Buying a House in 5 Years?

How Many Stocks Should an Investor Hold to have a Good Portfolio?

What Is Diversification, and Why Is It Important?

How Many Shares per Stock Should I Buy?

How to Pass Estate Investments to Your Heir and Prevent Them From Blowing it?

How to identify under-performing stocks?

What are the best recommended ETFs to invest in for your Roth IRA?

What are the best long-term investment strategies?

Do you use free and automatic dividend reinvestment or limit orders?

Should I invest in index funds or buy individual stocks for my Roth IRA?

Is it a safe assumption to say that the trend is your friend?

Can anyone recommend some web resources that provide solid investment advice and market recommendations?

Which are the best investing commodities?

Investment vs. saving: Which to do first?

Best recommended dividend-paying stocks to invest in?