May 2010
Beginner
248 pages
7h 31m
English
Content preview from Personal Investing: The Missing ManualBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 11. Investing for College
As a parent, you probably dream about your child graduating from college and hope it’s from a topnotch school. A college degree means your kid is out on her own and, you hope, out of your hair. That degree opens doors to better jobs, higher salaries, and more personal satisfaction.
Whether your offspring ends up at the University of California at Berkeley, Penn State, or Muriel’s Institute of Musicology, going to college isn’t cheap. To make matters worse, the price goes up at a frightening pace. As with retirement, sending a kid to college is one of the biggest expenses you’re likely to face.
Fortunately, whether you start saving for college before your child is born or when he or she is already into the terrible teens, you’ve got plenty of savings options. Section 529 savings plans, Section 529 prepaid plans, Coverdell savings accounts, Uniform Gifts to Minors Act accounts, and even taxable investment accounts can help you amass the small fortune you need for college expenses.
This chapter begins with a look at why saving for college is so challenging. Then you’ll learn about the tax-advantaged savings plans available and how to choose the one that’s right for you. And if you have more than one kid headed for higher ed, you’ll learn strategies for contributing to more than one college savings account at a time. Finally, this chapter explains how to spend those college savings once your little darlings start school.
College Costs How Much?
When you ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.