Re: How much for college?
Some of the money is in bonds which are in my name. I'll be able to cash them in tax free(check with treasury for more info) if the money is used for tuition. Some of the money is in CD's held in trust for my daughter and some is in stock.
I also make my daughter put 10% of her allowance into savings. The account is in her name and she can withdraw it should she wish so.
Right now I split up money for retirement into a 70% retirement and 30% college fund. THe actual amounts vary with bills popping up at home!
|