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Dixie Dixie is online now
Southern Class & Sass
 
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Join Date: Feb 2005
Location: Bradenton, FL
Posts: 4,093
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You're really going to trust the feedback you get here? There are many things that need to go into what is the best answer.

If you're young, perhaps a 529 plan would be best (Until Hillary does not extend Bush's tax package that is...) I bet Kansas has one, And I suspect Kansas even lets you deduct it off your State income taxes.

Then again, if you're older, and have small children, you'll want to concentrate on retirement accounts, and paying off your mortgage. Why? Well, you can always get college funding (loans, grants and scholarships) but you can't get a retirement loan. Plus, legally you have to take money out of your differed savings plan (based on your age). You can always use some for tuition. Keep in mind that the value of your residence does not factor into getting grants, but money you've saved for sending junior to college does.

Now if all you want is opinions on an investment choice, I'll give you one.

I-bonds.
  • Available at your bank
  • Government issued and backed
  • Indexed to inflation
  • Super safe
  • As I recall, current rate is 7%
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Dixie
Bradenton, FL
2013 Camaro ZL1
Old 12-09-2005, 02:41 PM
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