Should I start a college fund for my kids?
Asked 6 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!
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
Please follow our Community Guidelines
Related Articles
/filters:quality(80)/brokereviews/stock-market-2616931_1920-1620219540675.jpg)
How to Build an Investment Portfolio for Retirement
Sofia Thai
April 23, 2021
/filters:quality(80)/brokereviews/Should%20Beginners%20Start%20With%20Trading%20or%20Investing%20In%20Stock%20on%20the%20Market-1619516973012.png)
Should Beginners Start With Trading or Investing In Stock on the Market?
Sofia Thai
April 29, 2021
/filters:quality(80)/brokereviews/Following%20Stock%20Market%20Trading%20Signals%20on%20Social%20Media-min-1620650793915.jpg)
Following Stock Market Traders' Signals on Social Media
Andrew Moran
May 27, 2021
Related Posts
Answers
Filip Dimkovski
Should I Open an Investment Account for My Children?
Answers
Filip Dimkovski
Is Investing in Index Funds a Good Place to Start?
Answers
Andia Rispah Igobwa
How Many Shares per Stock Should I Buy?
Answers
Filip Dimkovski
Which Children's Savings Account is Best Recommended?
Can't find what you're looking for?