Like one of the other fellows posted I prefer the Roth IRAs over the 529 plans. If you put much into the 529 plans then the beneficiary/child has to count them as an asset when applying for grants and financial aid. So I would only do the 529 plans if your going to be putting enough in to fully cover the cost of college. If you are doing less than that you can seriously limit the the college the beneficiary/child can go to without any financial aid.
Also check and see what plans your state has for college plans. The prepaid credit hour plans are not a bad plan either and they are inflation protected. Meaning once you buy a credit hour you have that paid for regardless what they cost when used. Yes it limits the child to a college in the state but they still work well for smaller amounts of giving.
I have done both the IRAs and Prepaid plans. The IRAs in my later years as I had more to give, mainly grand kids. I used the prepaid credit hour plan for my kids. When I started out each credit hour only cost $35. So smaller amounts of money would do something.
Don't buy into the BUNK about how the prepaid plans "limit" the child's educational opportunities. Just about every state has some good colleges. The colleges don't like the prepaid plans as they do not get to inflate their credit hour cost.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.