[blparent] Saving for your kids college

[PaPa C]

do u all no whin is the next blind parenting seminar for Natuial
Feration of the blind? NFB?

On 5/7/18, PaPa C <ochikodinaka at gmail.com> wrote:
> hello I want to renew my nfb membership as a full time dad of the nfb
> I am a father to a 5month old little girl named Obianuju eeileen Oguledo!
> So add me to parends division of NFB Do I have to pay 2join
>
> On 5/7/18, Jo Elizabeth Pinto via BlParent <blparent at nfbnet.org> wrote:
>> Keep in mind that a college savings plan may not have the growth rates
>> you
>> want in an investment. I got one for my daughter years ago with her dad,
>> which we could do because I have SSDI rather than SSI and because our
>> daughter gets a Social Security benefit of her own, at least ten percent
>> of
>> which needs to be accounted for as having been invested in her future
>> each
>> month. But the chief reason we got one--the fact that money cannot be
>> taken
>> out of it for other uses till our daughter turns eighteen without serious
>> financial penalties--may be a drawback rather than an asset for other
>> people. It's an asset for me because frankly, her father is a spender and
>> not a saver, and I wanted the money to be placed in the college plan and
>> left there, without fail, not taken out later for other uses. If the
>> money
>> had been put in other, more lucrative investments, it could have been
>> taken
>> out and used for other purposes. Still, the costs of college are growing
>> much more quickly than the interest on the money in the plan is, and I'm
>> not
>> sure there will be nearly enough to cover what is needed by the time my
>> daughter comes of age. The money can be used for other purposes, by the
>> way,
>> once a minor child turns eighteen. It's still best to speak to a
>> financial
>> planner regarding the specifics, but I did have those questions about the
>> plan.
>>
>>
>> Jo Elizabeth Pinto
>>
>> “The Bright Side of Darkness”
>> Is my award-winning novel,
>> Available in Kindle, audio, and paperback formats.
>> http://www.amazon.com/author/jepinto
>>
>> -----Original Message-----
>> From: BlParent <blparent-bounces at nfbnet.org> On Behalf Of Star Gazer via
>> BlParent
>> Sent: Monday, May 7, 2018 4:34 AM
>> To: 'Blind Parents Mailing List' <blparent at nfbnet.org>
>> Cc: Star Gazer <pickrellrebecca at gmail.com>
>> Subject: Re: [blparent] Saving for your kids college
>>
>> 			Tara,
>> Some questions you want to ask.
>> What is the value in putting money into a 529 via other forms of saving
>> accounts?
>> Can you get the money out for some other purpose before college?
>> What happens if your kid doesn't go to college?
>> I kind of think that the 529 folks are selling an idea "Your kid will go
>> to
>> college" because nobody ever thinks or says "My kid isn't college
>> material".
>>
>> What happens if your kid wants to go into a trade profession or doesn't
>> want
>> to go to college at the traditional time?
>> What happens if you and your husband divorce? I'm by no means suggesting
>> that will happen, but you want to have an answer to that.
>> Think too about why you want to start saving for college now. What event
>> triggered this thinking. Is it rational?
>> If I remember/think correctly, you guys are LDS right? If yes, BYU offers
>> incredibly low tuition for LDS members. Keep that in mind.
>> I'd suggest meeting with an accountant or finantial planner, maybe even
>> both. You can also talk with an estate lawyer.
>> I mention all these because these people should be able to give you
>> current
>> data.
>> You may even want to call NFB and ask how a 529 or any other kind of
>> saving/investment plan would impact bennifits. A good accountant, estate
>> lawyer, or finantial planner should also be able to answer that question.
>>
>>
>> -----Original Message-----
>> From: BlParent <blparent-bounces at nfbnet.org> On Behalf Of Tara Briggs via
>> BlParent
>> Sent: Sunday, May 6, 2018 5:52 PM
>> To: blparent at nfbnet.org
>> Cc: Tara Briggs <thflute at gmail.com>
>> Subject: [blparent] Saving for your kids college
>>
>> Hi all! My husband and I would like to save some money for our daughters
>> college. I don’t know anything about this! I guess there is something
>> called
>> a 529 savings plan but I don’t know anything more than that. Does anyone
>> know about this and know where some accessible information is? I’ve
>> gotten
>> onto website called saving for college.com and it’s one of those it’s
>> pretty
>> painful accessible. So any help would be gratefully appreciated! If this
>> seems a bit off topic feel free to write me off list. Thanks so much!
>> Tara
>>
>> Sent from my iPhone
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>>
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>
>
> --
> for if you pursevear. you will conker never fear. try try try again
>


-- 
for if you pursevear. you will conker never fear. try try try again