College

A Bold Move

I just purchased some shares of RSP, an ETF which tracks the S&P 500.  RSP is an “equal weight” ETF.  It does not focus on the size of the companies that it invests in, but is comprised of equal portions of all the stocks in the S&P 500.  After yesterday’s pullback (free-fall?), I wanted to pick up some shares at…

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College

Problems With TD Ameritrade

For the past three days, I’ve been trying to transfer $2200 from my checking account to my daughter’s TD Ameritrade ESA.  TD Ameritrade has the lamest cash management / transfer system I’ve ever tried to use.  First, you can only link ONE checking or savings account to your brokerage account.  Second, the only way to link an account is to…

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College

My Simple College Savings Plan

I am contributing $2000 per year to my daughter’s ESA. $2000 is the annual contribution limit for an Education Savings Account. My daughter is seven years in old and in the first grade. The chart below gives an idea of how much money I will have saved by the year 2018, when she begins to go to college. After creating…

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