Should I go to a bank and ask? what is a good investment to transfer these savings bonds into for college savings? Thank you!
2007-11-26 17:05:16 · 3 answers · asked by Tom W 2 in Business & Finance ➔ Investing
Good start, but to keep up with the pace of inflation and college costs, savings bonds won't do it. A 529 college savings plan or a Coverdell savings account is the way to go. An investment company such as T. Rowe Price, Fidelity, or Vanguard will all be better than a traditional bank account.
2007-11-27 15:38:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ask an advise from ING Insurance. They have great programs for college savings. My 8 month baby girl owns one!
2007-11-26 19:29:22 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you are saving long term - 10+ years, you should be in equities (for growth), and not bonds (low return & safety). Bonds are a great place for preserving weath, but not for growing it.
2007-11-26 20:01:08 · answer #3 · answered by exactduke 7 · 1⤊ 0⤋