College Savings & 529
Results 111-120 from 205 articles
Gerber Insurance That Great?
Asked by N.V. from New York
on November 20, 2008
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my daughter is almost 9 months old and i was looking at the gerber things you get in the mail about life insurance for you and your partner and then the life insurance...
Answers
- Hi N., Our financial advisor (who is also my uncle) told us that you should NOT put any money into life insurance for your child. The purpose of life insurance is t...
- N., This is basically a whole life insurance policy for a baby, which is a complete waste of money (ask any honest financial planner and they'll tell you the same)....
- I agree with Lori...My mom took out the Gerber plan for my son. The $10k plan. My husband and I have our life insurance through AIG. good prices on our plans and we to...
No Gifts
Asked by K.B. from Kalamazoo
on December 27, 2007
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My son's first christmas was a lot of fun and he got tons of toys thanks to grandparents and other family. His first birthday is in early Feb. I just don't want or n...
Answers
- Hi K., I think that is a great idea. People will still buy toys but maybe you wont as many as you would have. Even bonds or gift cards because you might have differ...
- My son's first birthday was yesterday, and we decided to open a bank account for him. We 'spread the word' so our family knew that's what we were doing, but we didn't ...
- You know what, it's 2008, not 1940; ettiquette has changed!! Like it or not, kids have too many toys and not enough college funds, so I say find a way to gently sugges...
Baby Toys
Asked by S.M. from St. Joseph
on December 19, 2007
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This is my first baby and he is almost 2 months old. What kind of stuff do you get babies for christmas?
Answers
- I would really take advantage this year of not having to spend alot. My son is 8 months and we got him a few books and a ball popper. You can't go wrong with books, ...
- I suggest starting a savings account or a 529 College Plan. Savings bonds are good also. He won't know the difference and you (and anyone else buying for him for tha...
- Baby toys need to be chewable and last for a developmental stage or two. A chewable ball will get lots of use. All babies at age one love balls. Please read the lables...
College Savings - Piggy Backing off Another College Question
Asked by C.M. from St. Louis
on June 7, 2012
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How much do you save each month? Do you aim for a specific dollar amount? % of your paycheck?
Answers
- We are different. I am an oddball on this one for this site. We feel it's our obligation to get our daughter out of college debt free. No way will I set her up to gr...
- All three of my kids have 4 years of tuition and 2 years of dorm already paid (thank you, grandparents--they were a huge help!). We put $100/month in their savings a...
- We have chosen private school for elementary and high school, and that is where we decided tuition money will do the most good. They will be essentially on their own f...
Looking for Credit Card "Perks"
Asked by J.P. from Chicago
on October 25, 2007
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Hi Moms,
I was just wondering what types of incentives credit card companies are offering besides free hotels and free airline miles. Does your credit card offer a...
Answers
- The newest program I have registered for is uPromise. It's a 529 savings plan to save for school expenses. These expenses could include college tuition, room and board...
- Actually, someone mentioned only using "store cards" for special sales, etc. But, the GAP actually has a new GAP Visa... it can be obviously be used at GAP/Old Navy/B...
- Personally, I like cash back. My favorite is probably the original Discover Card (1% back + monthly special purchase categories that give you 5% back). They also let y...
Gerber Life Insurance?
Asked by P.B. from Grand Junction
on December 30, 2010
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I got this peice of mail the other day and it was for Gerber life insurance. No idea what that is? I called and asked how things work with that but I am not, in my com...
Answers
- I think Gerber Life Insurance is a great investment. It has been around for years, my parents had one on me. It is cheap and once they are 21 they can cash in on the ...
- Toss it. It's a scam. Not wise financially. Open a savings account or a 529 plan for each of your kids. It's a scam because what it's worth when you die is way m...
- My Grandmother has a policy for every Grandchild and Great Grandchild. I think it goes like this...You choose the amount you want for coverage and if (knock on wood) y...
College Fund or Retirement
Asked by J.G. from Chicago
on December 1, 2012
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Hubby is fortunate to get a nice bonus most years. This year, I would like to take a portion of it and max out IRA limits --we already max out his 401k, but since I do...
Answers
- Retirement. Your kids will have options when it comes to paying for college. Retirement is totally up to you.
- I say retirement as well. There are SO MANY different grants and scholarships available out there, you just have to look for them.
- Retirement..... kids can get loans for college.....there are no retirement loans.
$$$$ For College
Asked by M.M. from Dallas
on August 7, 2009
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Wondering if any mamas have been saving for college? Have a 13 year old and 8 year old and back in the younger days we pretty much lived paycheck to paycheck. Well b...
Answers
- Don't waste time, start saving now. The idea of going to college or not is not an option at this house. We set up the college fund for our 14 yr old as soon as she...
- It's definitely a good idea to start saving--and researching--now. There is a HUGE range in how much college can cost, and also in how one can pay for it. Almost all...
- Yes, start saving and setting up accounts NOW. I'm not sure what is presently available but check into state programs. We did the Texas Tomorrow fund and it truly he...
Gerber Life Insurance
Asked by T.J. from Seattle
on June 15, 2010
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My stepmom has offered to pay for life insurance for my two daughters. When she sent me the paperwork to sign she listed herself as the beneficiary! Is that weird that...
Answers
- Totally weird. That's going to be a hard one to approach, but maybe you can talk to her about these things?
- We have gerber life insurance for our children. Just a heads up here the policy is pretty much just enough to pay for a funeral. Have you discussed this with her? ...
- Generally speaking, it's not a great idea to insure a liability. You should only insure assets (house, car, people who earn an income or take care of the kids). As odd...
Need Ideas for a Memorable First Birthday Gift
Asked by L.T. from Los Angeles
on July 24, 2008
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I'm a first-time Grandma and want to get a really perfect gift for my Grandson who will be one in September. Thought I'd see what other families received that made a ...
Answers
- Hi, I think to get your little Angel started in life, how about a savings bond!! Something my mother-in-law gave both my kids, every birthday and now they can use i...
- Hi L., My name is D. and I am the owner of Mama Of Two Angels. Congratulations on becoming a first time Grandma. I am not sure if you would like to make a special ...
- personally we loved "keepsake" items. There is a place at the Kanan exit called The engraved letter that has baby spoons, cups, etc and engraves. It sill be so very ...
