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What's The Best Way to Invest for Your Grandchildren's College Education?
Townhall.com ^ | October 20, 2011 | Carry Schwab Pomerantz

Posted on 10/20/2011 7:56:36 AM PDT by Kaslin

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To: cripplecreek

John Ratzenberger’s mission these days is to push for the importance of trade schools and changing the culture to make it honorable to be a plumber, electrician or heavy equipment operator. We are in need of these people as a lot of them are retiring and because everyone is encouraged to go to college. I agree. I learned more practical stuff from guys in the trades than I did in four years of college.

http://www.ratzenberger.com/

He has a great statement on this near the bottom of the page.


21 posted on 10/20/2011 8:20:41 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Kaslin
What's The Best Way to Invest for Your Grandchildren's College Education?

Vote the Marxist Bass Turds and all those who support their policies (RINO's) OUT!

22 posted on 10/20/2011 8:21:13 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Kaslin
529's are a joke. In my state, the limits are small, and colleges just take them all directly off the top when calculating financial aid.

Like IRA's, I feel they are a scam, this one to the benefit of the "education establishment." Let the little people feel like they are doing something by gathering little pots of money for themselves or their kids. It is all registered and declared anyway, and will eventually wind up in our hands one way or the other....

23 posted on 10/20/2011 8:24:26 AM PDT by PGR88 (I'm so open-minded my brains fell out)
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To: Kaslin

Send them to trade school for two years. Then they caan work and pay their own way through college.


24 posted on 10/20/2011 8:27:09 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Kaslin
Actually, I've been researching 529s for the last few months, but didn't bother to read this article since it was written by Carry Schwab Pomerantz.
I've read her financial advice articles before and they were sloppy, not totally accurate and not fully researched.
As an example - she never heard of the SS "giveback" program and said whatever you get from SS on Day 1 is what you would receive for life. BS.
25 posted on 10/20/2011 8:28:41 AM PDT by oh8eleven (RVN '67-'68)
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To: napscoordinator

Really? Most of the people I went to college with and went into the line of work they degreed in are in dead end jobs that earn less than the couple of us who said the hell with what our degree says and went off and did our own things. In some cases they are making less than some plumbers and electricians I know. A friend of mine knows how to use heavy machinery. No college at all. He makes $100K+ a year.

This meme that college is the only way to succeed is an outdated relic from the Great Depression when you needed an edge. Now everyone and their brother has a degree. They are meaningless.


26 posted on 10/20/2011 8:35:11 AM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Kaslin

bookmark


27 posted on 10/20/2011 8:35:42 AM PDT by spankalib
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To: Kaslin

28 posted on 10/20/2011 8:43:44 AM PDT by douginthearmy
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To: Kaslin

This article is a perfect example of how broken our tax system is. You can’t even give a gift to your grandkids without hiring someone to account for the tax ramifications. And then, there is no right answer, just guesses based on current estimates. It’s past time to scrap the whole rotten tax code and start over.


29 posted on 10/20/2011 8:44:20 AM PDT by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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To: Kaslin

“What’s The Best Way to Invest for Your Grandchildren’s College Education?”

Hands down the most cost effective way, would be not any specific investment vehicle, but to work to put in power politicans who will end the BigEducation hog trough.

Specifically, an end to government subsidizing of “higher education” will overnight make these grossly inefficient and hideously expensive institutions conform more to the disciplining fiscal rigor of the free market.

Net result: Markedly more affordable, reasonable and practical programs and educational paths.


30 posted on 10/20/2011 8:46:36 AM PDT by EyeGuy (2012: When the Levee Breaks)
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Weary But Not Beaten!


Click The Pic To Donate

Consider Becoming A Monthly Donor

31 posted on 10/20/2011 8:47:15 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: Lazlo in PA

College is fine for some and we need some to go to college but it doesn’t mean squat if we can’t build anything for ourselves.

Both of my sisters went to college. One manages a billing call center the other is a photographer. I’m a high school drop out and I’m a photographer (among other things) and have always landed in management positions in factories. I’m not going to get rich but that sounds like a hassle to me anyway.


32 posted on 10/20/2011 8:51:21 AM PDT by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: Kaslin

look at all these STUPID rules~!!!!!!!!!!!!!!!!!!!!!!!!!!

scrap IT ALL~!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

9-9-9


33 posted on 10/20/2011 8:52:57 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: Kaslin

Horse hockey. Put the money someplace where nobody can get their mitts on it until you are certain that the little cretins aren’t worth sending to prison instead...


34 posted on 10/20/2011 8:58:55 AM PDT by Bean Counter (Obama got mostly Ds and Fs all through college and law school. Keep repeating it.....)
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To: pabianice

The best way to invest for your grandchildren’s college education is to take the time and love necessary to teach them how to work and why work is a good thing. This skill is often neglected by parents who can’t or won’t find the time.


35 posted on 10/20/2011 9:01:45 AM PDT by AD from SpringBay (We deserve the government we allow.)
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To: Kaslin

Junk Bond Fund - steady income, up and down with the market.....


36 posted on 10/20/2011 9:06:21 AM PDT by Intolerant in NJ
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To: Lazlo in PA

Excellent post.

I knew John was on our side, but I had no idea how involved he was.

This is a point I have been pushing for years.

We need people who can make, build, invent and repair THINGS. If we somehow could turn 50,000 of our destructive/make-work lawyers and government inspectors into constructive skilled tradesmen, this country would be on a much more sane future glide path.


37 posted on 10/20/2011 9:12:16 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: EyeGuy

Pay off your kids’ mortgage and let them pay for tuition from their savings each month. What helped us was paying off our mortgage in 15 years. We then had about a thousand dollars a month to use to pay for our son’s college education. True, the state university still cost about $15,000 a year to attend, but there was no way for us to save that kind of money AND pay on a mortgage.


38 posted on 10/20/2011 9:54:49 AM PDT by scotts8826
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To: DCBryan1
Oh,....in addition to the UGMA and 0% coupon bonds, and votech.....make them enlist in the military and they should begin college after their 4-6 year active duty.

That way, they are mature enough for college, and can go ROTC or OCS after they complete their BA.

My grandson is in high school and in the JROTC. He's looking forward to the Air Force not only paying his college tuition but also providing him with a monthly allowance while he's in college. Of course, upon graduation, he'll be a officer in the Air Force.

What I find strange is that a nearby school with an Army JROTC program wants him to transfer to their school. They called - again - yesterday. One of their arguments is that the Army needs more personnel than the Air Force and there is a possibility that mid-way through college the Air Force will determine that they're 'overstaffed', will not need new officers, and will discontinue his scholarship. I wonder if that's true?

39 posted on 10/20/2011 10:55:43 AM PDT by Alice in Wonderland
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To: Lazlo in PA

I am not saying that it is the be all end all. I am saying that it helps to vey in the door. If you have a trade that is great. Military is great. But not everyone can do either of those. To be blue collar, you need some abilities.


40 posted on 10/20/2011 1:06:50 PM PDT by napscoordinator
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