Comments on: Saving $250,000 for my son’s college education http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/ Personal Finance. Investing. Wealth Building. Thu, 18 Mar 2010 19:14:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Pinyo http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6845 Pinyo Mon, 31 Mar 2008 23:37:27 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6845 Oh, that. A lot of it was gift from joyous and generous grandparents. :-) Oh, that. A lot of it was gift from joyous and generous grandparents. :-)

]]> By: Llama Money http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6833 Llama Money Mon, 31 Mar 2008 22:29:36 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6833 $7375 / 12 months = $614.58. $7375 / 12 months = $614.58.

]]> By: Pinyo http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6776 Pinyo Mon, 31 Mar 2008 14:56:08 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6776 @Llama Money -- I am not sure how you got to $600, but I contribute $425 a month to his 529 plan. I don't make a lot of money, but I take savings very seriously. @Llama Money — I am not sure how you got to $600, but I contribute $425 a month to his 529 plan. I don’t make a lot of money, but I take savings very seriously.

]]> By: Llama Money http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6773 Llama Money Mon, 31 Mar 2008 14:40:57 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6773 Yowza- you're saving over $600 per month just on your kid's college? Either you make a TON of cash to be able to sock that away, or you're damn good with money. Either way, great job on exceeding your goal last year. Yowza- you’re saving over $600 per month just on your kid’s college? Either you make a TON of cash to be able to sock that away, or you’re damn good with money. Either way, great job on exceeding your goal last year.

]]> By: Pinyo http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6358 Pinyo Fri, 14 Mar 2008 16:18:48 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6358 @David -- that's an estimate for 1 child going to 4 years public college 17 years from now. It's mind blowing. I am definitely going to teach my kid(s) to be responsible with money. I am like your friends -- I didn't appreciate what my parents gave me when I was going to school. I spent a lot of money and didn't pay enough attention in class. @David — that’s an estimate for 1 child going to 4 years public college 17 years from now. It’s mind blowing. I am definitely going to teach my kid(s) to be responsible with money. I am like your friends — I didn’t appreciate what my parents gave me when I was going to school. I spent a lot of money and didn’t pay enough attention in class.

]]> By: David Carter http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-6351 David Carter Fri, 14 Mar 2008 15:30:22 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-6351 Thats a lot of money for their education. How many kids do you have? I think its real nice that you are going to pay for your kids college(I have to pay for my own). Just make sure you teach them through other methods the value of a dollar. I have a lot of friends who don't take their parents money seriously and waste their time at college. Make sure they are great full for this huge gift you are giving them. They are not owed it. Thats a lot of money for their education. How many kids do you have?
I think its real nice that you are going to pay for your kids college(I have to pay for my own). Just make sure you teach them through other methods the value of a dollar. I have a lot of friends who don’t take their parents money seriously and waste their time at college. Make sure they are great full for this huge gift you are giving them. They are not owed it.

]]> By: Pinyo http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-2735 Pinyo Wed, 12 Dec 2007 04:22:57 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-2735 @Wendy - You will have to read each plan carefully. Some plans are very flexible and allow you to use the fund anywhere -- i.e., with NY plan, I am not limited to NYS schools. @Wendy – You will have to read each plan carefully. Some plans are very flexible and allow you to use the fund anywhere — i.e., with NY plan, I am not limited to NYS schools.

]]> By: Wendy http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-2734 Wendy Wed, 12 Dec 2007 03:43:33 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-2734 Is the 529 the best plan for our newborn if we are not sure she will attend an in-state college? We live in Indiana but may to a different state. Thanks. Is the 529 the best plan for our newborn if we are not sure she will attend an in-state college? We live in Indiana but may to a different state. Thanks.

]]> By: Pinyo http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-1060 Pinyo Fri, 12 Oct 2007 18:01:27 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-1060 @hank - I think that having the plan under your mother's name might be an even better way to do it, because the savings is not considered in financial aid calculation at all. If your plan is not that great, you may transfer it to another 529 plan; however, you have to read the fine print because some plans impose a penalty when you do so. @hank – I think that having the plan under your mother’s name might be an even better way to do it, because the savings is not considered in financial aid calculation at all.

If your plan is not that great, you may transfer it to another 529 plan; however, you have to read the fine print because some plans impose a penalty when you do so.

]]> By: hank http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/comment-page-1/#comment-1058 hank Fri, 12 Oct 2007 17:35:56 +0000 http://www.moolanomy.com/148/saving-250000-for-my-sons-college-education/#comment-1058 Yea, my mother bought 2 529s for my 2 kids last year in MT, and they've really done nothing exciting, but one of my goals is to look into the options this year on what I can do to further them - have you heard if you can transfer 529s between state programs? Yea, my mother bought 2 529s for my 2 kids last year in MT, and they’ve really done nothing exciting, but one of my goals is to look into the options this year on what I can do to further them – have you heard if you can transfer 529s between state programs?

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