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Best way to save for college?

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Legend
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Posted: #1

I now have a newborn and have just started doing my homework (a little late)....

I know I can google anything, but wanted some real world advice from people that have done it.

529? Life insurance with cash option? Is there anything else (besides playing the stock market) worht looking into?

Thanks all

 

 
Veteran
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Posted: #2
Quit gambling.
 
Veteran
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Posted: #3
Maybe then look at some paid-up annuity options if you can break off some change up front. Just a thought.
 
Captain
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Posted: #4
Congrats Train. I have two kids under 3. Have 529 plans set up for both of them. Make sure to check the plans for your state that you live in. I would highly recommend setting one up for your kid. Best of luck.
 
Legend
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Posted: #5

Quote Originally Posted by SALTY:

Quit gambling.

I love ya Salty, but I think your life advice is near the bottom of the list of things I would take into consideration.

 

 

 
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Posted: #6
529 Plan.  If your state doesn't have a good one, you don't have to stick to it.  You can invest in any.  
 
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Posted: #7
bitcoins
 
Veteran
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Posted: #8
Look into an IUL
 
Banned
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Posted: #9
Congrats brother 

Everyday with them is like hitting a 30 team parlay ....




Here is what I would do 

back the Buffalo Sabres for the next 7 Games now that Ruff has been Fired 

Fade the SEC when the Tourney starts

Fade the Astros , Marlins, and Cubs Run line when MLB Starts 



 
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
 
Captain
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Posted: #10
Do what alot of people do....don't work, earn below the poverty line, you will receive thousands back in tax refunds, and your children will go to college for FREE.   Get it while it lasts, before we turn into a financial mess like GREECE, France, or Spain.  Nm, that is not going to be a very long time.  Way to keep voting the incumbents back in office to screw us over again and again. 
 
Legend
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Posted: #11
Quote Originally Posted by TRAIN69:

I love ya Salty, but I think your life advice is near the bottom of the list of things I would take into consideration.

 


Agreed.  Annuities in this situation.  
 
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Posted: #12
A 3 family with a 15 year note. 
>>#3FamilyForEverything
 
MVP
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Posted: #13
Find a good financial adviser. Its well worth it. Plus they can give you good tax advice as well.

Congrats. I thought you were almost 100 years old. 
 
Prospect
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Posted: #14
529 it is-- https://www.savingforcollege.com/529_plan_details/index.php?page=plan_details&plan_id=6
 
Prospect
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Posted: #15
congrats... welcome to the world of bills!!!!  I personally have 2 and mix the whole life with the term... not for college, just to be safe... and the whole life for some xtra money when old!

Anything you do I would just suggest you diversify.  You might stick with 1 thing and get lucky, but what if the 1 thing isnt lucky... know what I mean

 
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Posted: #16
Thanks for the s'hit on fellas and we are talking about the same thing. Lets say your life with cash.....I say the paid up options for buying the policy full value at a great discount versus payments. I mention that AS SOMETHING TO LOOK AT because he is here asking about other options. I'm such an idiot for suggesting a pick master like train69 look at buying a policy in full. I thought your bankroll is large.
Sorry for stepping into a big boy conversation. I just got served.
 
Legend
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Posted: #17

Quote Originally Posted by SALTY:

Thanks for the s'hit on fellas and we are talking about the same thing. Lets say your life with cash.....I say the paid up options for buying the policy full value at a great discount versus payments. I mention that AS SOMETHING TO LOOK AT because he is here asking about other options. I'm such an idiot for suggesting a pick master like train69 look at buying a policy in full. I thought your bankroll is large.
Sorry for stepping into a big boy conversation. I just got served.

I was referring to your comment to stop gambling. That is not an option!

 

salty

 
MVP
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Posted: #18
Hey jerkf*ck. You give Salty a handshake for non information. Several others have given you advice. Don't you think you should thank them you selfish pr*ck. You have always been an arrogant pos. 

 
 
All-Star
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Posted: #19
put away what you can...putting change in a big jar, few dollar bills here and there. Then when your kid gets older make them do chores and get a part time job and put aside a portion of that money for their college payment or atleast for them to have money to spend while at college. I'm sure in 20 years college will be much cheaper. Just a gut feeling. There will be a lot more online options, etc. Or just tell your kid to get a student loan and pay it back later like many do.
 
MVP
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Posted: #20
put away what you can...putting change in a big jar

You must have grown up like I did. But thats not a good option. Train says he bets $500 a game. If you invest $1000 a month you will be amazed. But degenerate gamblers can't save unless they quit gambling.
 
Captain
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Posted: #21
Keep betting 10 plays a day, you win every night.
 
Legend
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Posted: #22
Quote Originally Posted by Kurshka:

Hey jerkf*ck. You give Salty a handshake for non information. Several others have given you advice. Don't you think you should thank them you selfish pr*ck. You have always been an arrogant pos. 

 

I'm gonna need you to calm down. There is no time contraints on my replys.

Thanks dup4life for telling me to bet on hockey and baseball.

Thanks kingrg for telling me to keep betting.

Thanks for all that said 529 is the way to go.

Thanks kurshka for telling me to find someone to do it for me.

Thanks bandit for telling me to quit my job so I get free stuff.

Thanks messier for telling me to put money in a jar.

 

A those worthy posts are now thanked. You can now go back to not being productive on this site.

 

 

 
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Posted: #23
Set aside some $$ every month (20-100$) put it in either a 529 plan, which is purchased from Financial advisors (but be wary, because it is a "product") go with a company you have heard of and trust...also checking Ripoff Report for anything (jobs, investments etc) is always a good idea!!
 
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Posted: #24
Congrats with the new bundle of joy Train
 
 
Captain
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Posted: #25
My financial guy recommended the Virginia 529 plan

https://www.virginia529.com/
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