529 saving
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Results 71-80 from 133 articles
Anyone Use Upromise?
Asked by J.Y. from Chicago
on April 12, 2009
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I signed up for Upromise, about a year ago, but never used it. Once, I tried to use it, but got frustrated logging in more than once for one transaction.
Answers
- I've used it since 2002 and have had no problems. The money adds up slowly but surely. I registered my Jewel card and the credit card I use, and also had my parents ...
- Hi J., We are signed up for Upromise (about 8 years). It's OK, but not much good for saving unless you do A LOT of shopping (online especially I guess at their speci...
- I've been a member since 2002, but only used it the last 3 years and have a few hundred bucks in there. I've also done the friends and family thing through there, so ...
Savings Account for Kids
Asked by S.J. from St. Louis
on August 29, 2011
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I am sure this has been asked before so I apologize if it is a repeat, but I wasn't able to find what I wanted in past questions....
What age were your kids when yo...
Answers
- It is a great idea to save or invest for your children,(the earlier, the better);however, a bank saving account is not the best idea. Ask someone who really understand...
- My daughter was 6 months. The account required $150 to start.
- I opened an account for my daughter once her piggy bank was full (she was about a year old). We count out the coins once a year and put it in the bank along with birth...
Bank Account for Child with Divorced Parents
Asked by N.W. from Chicago
on December 17, 2008
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My last post lead me to realize that I would like to set up a college savings account for my 7-year old stepdaughter. I believe going to college is VERY IMPORTANT.
...
Answers
- Hi Nicole ,Sorry this might be a little winded. You and your husband's concerns are very valid . As another mom suggested opening a saving account just for minor's the...
- You can set up an account and her mother does not need to know anything about it. in fact you should not put the step daughter name on the account either. Just ear m...
- Nicole, I think this is a very good idea. Most banks have a "minor savings account" that you can put her name on it and yours. I don't even think you have to be ...
Dependant Care Account
Asked by L.A. from New York
on February 7, 2011
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I'm just back to work after having our darling boy. Human Resources is plying me for elections including whether I want to contribute to a dependant care account.
...
Answers
- Personally, I would not consider a use it or lose it type of account. I would be suspicious as to why your HR department is pushing it, too.Set up a college savings a...
- If you are paying your parents and using an FSA dependant care account, you MUST provide a taxpayer ID to get reimbursed for what you put in. In your case, since you ...
- as many have stated, the income for the providers must be reported to the IRS. Additionally, you will have to present receipts for the monies paid in order to be reim...
Non Working Parents and Retirement
Asked by M.L. from Houston
on March 28, 2012
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So, having recently finished the taxes... I know there are tax breaks and such on having certain retirement funds. The one my husband has doesn't work this way. But I ...
Answers
- Yes, you should be planning for your retirement. I would suggest meeting with a financial advisor to determine how much you need to be putting aside to prepare for you...
- Yes it is important for SAHM and dads to be contrubuting to retirement funds. What you put in depends on your financial status and what you can afford. There are t...
- Absolutely! We do it. My DH has a 401K at work AND we put into a Roth IRA for him (Not tax free now, but tax free when we draw on it) and a traditional IRA for me. We ...
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.
Inheritance Money
Asked by J.R. from Knoxville
on January 8, 2013
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My grandma passed away this past year and we ended up getting an unexpected check from her estate. My girls each got $500 and I got $5000. I am tryng to decide what ...
Answers
- Personally, I would never buy a boat. They are so much work, and so many things go wrong very easily. It is much, much cheaper to rent a boat for a couple of hours o...
- Put all the money in a 529 college savings plan for your girls. $2500 for each of them. That leaves you $1000 and I would add that to the emergency fund. $2000 w...
- It sounds like you have a pretty stable head on your shoulders! Good for you. NO BOAT I'd opt for putting all of it into your daughter's college funds. I und...
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...
Paying High Taxes for a Good School District, Worth It?
Asked by M.S. from New York
on April 20, 2010
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Hi all, I am wondering if I am doing the right thing for my children (I think I am but sometimes I doubt it) I live in NJ, and pay a pretty penny on property taxes to...
Answers
- Dear M., Fellow NJ-er here, and I feel your pain! My thinking is that a good K-12 school system is essential to prepare children to succeed in college. And, honestl...
- I'd stay put. Good high school means better in college. Don't worry about not having a college fund. Have her take college courses in high school. And I know in Tx the...
- Hi M., I'm sure my answer won't help, but just to give you a couple of other thoughts. First of all my husband and I, both college graduates do not feel we owe our k...
3 Month Old Ideas
Asked by L.K. from Pittsburgh
on October 27, 2008
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hi my son will be bout 3 and half months at christmas. i need help with wat to buy him he has a lot of toys already that r for older babies from his sister but i dun...
Answers
- My daughter was also three months at christmas 3 years ago. I bought nothing! My family bought books, touch a feel items, and winter clothes. Again, I bought nothing. ...
- At this age, things that are small or light enough for him to hold are great, as are things that he can cause an effect with. What about a kick mat that plays music ...
- Hi! My daughter was born in September last year and so didn't know much of what was going on last Christmas. We didn't buy her much b/c her grandparents were going t...
