This guest post is by Kimberly Palmer, author of the new book, “Smart Mom, Rich Mom: How to Build Wealth While Raising a Family”. For a long time, I resisted opening 529 college savings accounts for my two children. It seemed like a giant hassle, adding even more paperwork to an already complicated situation that included various retirement accounts and a mortgage. I could barely keep up with our current stack of accounts; how could I possibly manage more? But after delaying the decision for a couple years, I finally decided that I … [Read more...] about Should I Open a 529 College Savings Account?
529 College Savings Account
One of the most important things that you have to consider is what your goals are for the money you are saving for your children. Do you want to have more money for them to go to college with? Do you want to be able to help them buy them a car when they are 16 years-old? Do you want to save for your daughter’s wedding? The goal will drive which investment choice that you make. Here are three options for you to consider based on your goals. Three Accounts To Invest For Your Children 529 College Savings Account A 529 College Savings … [Read more...] about Top 3 Investment Accounts to Invest in for Your Children