Comments on: Saving For College – What Is An ESA – Coverdell Education Savings Account – Education IRA

By: 2007 - No Credit Needed Year-End Review (October)

2007 - No Credit Needed Year-End Review (October) — Mon, 25 Feb 2008 04:26:16 +0000

[...] October 9 – What Is An ESA? – Coverdell Education Savings Account [...]

By: Welcome to Carnival of Personal Finance #122 at Mighty Bargain Hunter

Welcome to Carnival of Personal Finance #122 at Mighty Bargain Hunter — Mon, 15 Oct 2007 14:20:34 +0000

[...] that you missed ‘em, Has laid out a plan for the envelope system. No Credit Needed has two ESAs For college-bound offspring to use there [...]

By: Personal Finance Review - Featuring Joe Money & Bob Cash » Money Smart Life

Mon, 15 Oct 2007 01:31:26 +0000

[...] good ones but at least I’m learning from mine. I bet you haven’t even started saving for college [...]

By: » Weekly Roundup - Totally Unplugged Edition @ fivecentnickel.com

Sun, 14 Oct 2007 21:23:16 +0000

[...] NCN talked about options for saving for college. [...]

By: » Weekly Roundup - Totally Unplugged Edition @ fivecentnickel.com

Sun, 14 Oct 2007 21:23:16 +0000

[...] NCN talked about options for saving for college. [...]

By: Weekend Links: Duel in Dallas Edition

Weekend Links: Duel in Dallas Edition — Sun, 14 Oct 2007 19:21:25 +0000

[...] No Credit Needed gives us some tips on saving for college. [...]

By: Posts I Enjoyed Last Week | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Sun, 14 Oct 2007 13:13:37 +0000

[...] NCN at No Credit Needed discussed ways to save for future college expenses. [...]

By: Creative Investor

Creative Investor — Wed, 10 Oct 2007 23:31:47 +0000

I wonder how well these account perform though. Here is what I would also consider if I was you:

– Roth IRA accounts – gains grow tax-free, and after 5 years you can take out for any purpose without any penalties. It gives you a lot more freedom than education-specific account while providing tax benefits.

– A solid stock/mutual fund portfolio that may not be as tax efficient but over the next 15 years it may well end up outperforming many of those tax efficient accounts.

Just a thought.

By: Changing is Living

Changing is Living — Wed, 10 Oct 2007 01:03:48 +0000

More synchronicity! I was just up all last night researching the different kinds of education funds. Through my reading, I discovered that Vanguard has a really nice break down of the pros & cons of the different types of college funds (& other “offspring” funds).

The link is long, so I transformed it using “tinyurl.com”:

http://tinyurl.com/2ty36o

or, just go through Vanguard’s homepage…