Posted on 10/20/2011 7:56:36 AM PDT by Kaslin
Useless. Based upon current inflation, by that time college will run about $1.2M a year. Good luck saving for that.
Support your children in homeschooling the grandchildren.
Put the money away...make them work for their education.
Once they’ve graduated, are gainfully employed and are married, give it to them as a downpayment on their first house instead.
Why force the grand kids into college? By the time they are old enough to leave High School, we will need tradesmen and people who know how to build and create. These are good paying jobs and much more needed than another Sociology or Marketing degree dope whining about no jobs.
However many M1 Garands you buy with $60,000 along with however much ammo you can buy with $25,000, maybe? Or whatever combination you’re comfortable with.
By teaching them to get their hands dirty and sending them to a trade school.
Second. 15-20 year zero coupon bonds when the EPT tests positive. Don't send them to an expensive college, a local state school would be ok, and be sure to make them go to vo-tech school while in HS to 1) pick up college credit, and 2) give them a blue collar education. I suggest welding, machining, electrical and plumbing classes...something to fall back on just in case. They will thank you for it later.
donate to Organize Wall Street so that in the future it will be free /sarc
As a CFP myself I usually tell my clients should never use the UTMA/UGMA for college funding in case there is a probability of financial aid. If a large lump sum can be made early in the child’s life then the 529 can make sense.
If not, give the money to the parents to invest. It works better than in the kid’s names for financial aid.
And I ALWAYS advise them to buy the book “How to Pay For College Without Going Broke” by Kalman Chany, who truly is America’s best expert on the subject.
That way, they are mature enough for college, and can go ROTC or OCS after they complete their BA.
Buy them a pick and shovel...that is where we are headed and they will learn more working with their hands then they will in any of our government financially bloated education centers.
Take the money you’ve set aside for your child’s college education and invest it in a rolling concession stand. After a couple of years, your kid can pay for their own education if they still want it.
Useless. Based upon current inflation, by that time college will run about $1.2M a year. Good luck saving for that.
First of all, anything helps so useless is not true. Second, pre-pay is an incredible way to save. Tell them to go to the military is another savings as the military has a great GI BIll. Many Many options.
And college level textbooks that pre-date PC, along with current reference books that are too generic to be able to turn into propaganda vehicles.
Why force the grand kids into college?
Because they want to eat. Seriously trade schools are good if the kid has that ability. Second, going to college in the long run will give you a much better chance for upward mobility. Sure trade schools will allow you to make some money but college will allow you to make much much more. If I had not gone to college, I would not be making as much as I am now. Go to college grandkids.
Take the money and buy them as much good fertile farmland out in flyover country as you can afford. You will have absolutely no problem renting it out until they are of age, and they can then decide whether to sell it and use the money to go to college, or keep it and have a source of income and a place to live, no matter what happens between now and then. I’m serious.
By the time the kids get there, education will be ‘free of charge’.
That way, they are mature enough for college, and can go ROTC or OCS after they complete their BA.
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