[blparent] Saving for your kids college

Tue May 8 16:00:43 UTC 2018

The next parenting seminar will take place at our National Convention in Orlando. Please contact me off list
parenting at nfb.org
and we can talk about parenting resources here in Maryland.
Melissa

-----Original Message-----
From: BlParent [mailto:blparent-bounces at nfbnet.org] On Behalf Of PaPa C via BlParent
Sent: Monday, May 07, 2018 5:23 PM
To: Blind Parents Mailing List
Cc: PaPa C
Subject: Re: [blparent] Saving for your kids college

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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>
>
> --
> 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

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