Comments on: Are Prepaid College Funds the Way to Save for Our Two-Year-Old Son? http://wealthpilgrim.com/pre-paid-college-funds/ WealthPilgrim.com -No Money Worries. No Matter What. Wed, 23 May 2012 02:40:46 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal http://wealthpilgrim.com/pre-paid-college-funds/#comment-4655 Neal Tue, 27 Apr 2010 00:22:45 +0000 http://wealthpilgrim.com/?p=14146#comment-4655 Yes...I believe it's 10 years. Thanks for bringing up that very important point. Yes…I believe it’s 10 years. Thanks for bringing up that very important point.

]]> By: Neal http://wealthpilgrim.com/pre-paid-college-funds/#comment-4654 Neal Tue, 27 Apr 2010 00:22:07 +0000 http://wealthpilgrim.com/?p=14146#comment-4654 Weston, Glad this has worked so well. As I said, if you know where the kids are going and the plan locks out price hikes, it is indeed a great idea. Weston,

Glad this has worked so well. As I said, if you know where the kids are going and the plan locks out price hikes, it is indeed a great idea.

]]> By: karyn http://wealthpilgrim.com/pre-paid-college-funds/#comment-4651 karyn Mon, 26 Apr 2010 22:50:42 +0000 http://wealthpilgrim.com/?p=14146#comment-4651 Do you know if most of the prepaid plans must be purchased with a minimum of years before the student enters college? In other words, could you buy a prepaid plan when the student is a high school sophomore or junior and his plans are a little more concrete? I know this doesn't offer nearly as much savings, but it would help avoid some hikes in prices...I look forward to your post on 529's. Do you know if most of the prepaid plans must be purchased with a minimum of years before the student enters college? In other words, could you buy a prepaid plan when the student is a high school sophomore or junior and his plans are a little more concrete? I know this doesn’t offer nearly as much savings, but it would help avoid some hikes in prices…I look forward to your post on 529′s.

]]> By: Weston http://wealthpilgrim.com/pre-paid-college-funds/#comment-4643 Weston Mon, 26 Apr 2010 14:47:45 +0000 http://wealthpilgrim.com/?p=14146#comment-4643 My wife and I have put 4 kids through college using the Florida prepaid plan. It was without question the best investment we ever made. We are both financially disciplined and well educated (she's an MBA and I'm a lawyer) and I am totally convinced that if we hadn't put our kids in the prepaid plan they would have graduated with tens of thousands of dollars in debt. Also we had a plan that covered the first year of dorm expenses for all 4 of our kids. That too was a great deal. I am and was thrilled with Florida Prepaid and will be eternally grateful for it's existence. My wife and I have put 4 kids through college using the Florida prepaid plan. It was without question the best investment we ever made.

We are both financially disciplined and well educated (she’s an MBA and I’m a lawyer) and I am totally convinced that if we hadn’t put our kids in the prepaid plan they would have graduated with tens of thousands of dollars in debt.

Also we had a plan that covered the first year of dorm expenses for all 4 of our kids. That too was a great deal.

I am and was thrilled with Florida Prepaid and will be eternally grateful for it’s existence.

]]> By: dp http://wealthpilgrim.com/pre-paid-college-funds/#comment-4640 dp Mon, 26 Apr 2010 13:59:20 +0000 http://wealthpilgrim.com/?p=14146#comment-4640 I've considered the RothIRA route as well for this. Offers tax-free growth with maximum flexibility on distributions. Also, these are more protected from liability for those of us who work in high-risk professions. I’ve considered the RothIRA route as well for this. Offers tax-free growth with maximum flexibility on distributions.
Also, these are more protected from liability for those of us who work in high-risk professions.

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