Saving
for College in the Parents' or Gaurdians' Name
By: Karen Rinehart, CFP®
The Henssler Financial Group Position Paper
The
last option to save for your child's education is to save assets in
your name. When you save for higher education expenses in your name
you have total control over the assets. If your child decides not to
go to school then you have an extra savings account. The down side to
saving in your own name is there are no tax breaks if this is done.
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