Not long ago, I decided that I should start researching tax deferred accounts for educational purposes for my daughter. I'd like for it to be flexible enough that some funds could be used for elementary and secondary schools, if need be, in addition to, of course, college. Does anyone have any suggestions?
2006-09-27 08:37:48 · 5 answers · asked by Annoyed 1 in Business & Finance ➔ Personal Finance
link below describes the education IRA.
http://www.fool.com/School/Taxes/1998/taxes981030.htm
2006-09-27 09:23:09 · answer #1 · answered by Jim R 5 · 0⤊ 0⤋
I'm not sure you can use them for elementary or secondary school expenses, but a 529 plan can be a good vehicle to save for college expenses.
2006-09-27 08:40:56 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
Scholarshare. You will need to check and see if you can withdraw funds before your daughter is 18. We have been contributing since our boys were born for their college fund. Long-term growth is the key here.
2006-09-27 08:40:06 · answer #3 · answered by ? 4 · 0⤊ 0⤋
529 Savings Plan
2006-09-27 08:40:55 · answer #4 · answered by spineminus2 3 · 0⤊ 0⤋
check with financial advisers
2006-09-29 02:52:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋