Check out savingforcollege.com.com
It turns out that P.A. offers a deduction of state plan and out of state plans. Also, there is the independent 529 plan that let’syou buy future college credits at today’s prices with a discount and if your kid does not use the school, you get a refund. Once your kid gets in in 12th grade, you could prepay for the entire 4 years and get a discount (pay for all four years at the current rate while child is still in high school)
Kiplingers, Oct, 2006, p.79
Starting in 2006, set aside $4,000 per person in IRA account (not tax deductable) and in January 2010 convert to Roth IRA. Only pay taxes on the generated income and pay 1/2 of the bill on 2012 and the rest in 2013aug
Ed Farrell, 60 likes to buy bargain-priced stocks of small companies. His record is 14.4% annualized over 21 years. He says that key is to know when to sell. For example when P/E makes stock to expensive.
Aug, 41
Vince 75, likes to buy and hold. He likes GE and Microsoft. Key need to diverisfy.
Aug, p. 38
Jeff Blades, 45, likes fund with low annual expenses and no sales charge. Look for a managers with a long and good track record. Liek Vanguard 500 Index, and Vanguard Healthcare. Aug. p.45
| Brett Platt, who is 34, had return of 30%+ since 1999. He focused on 9-11 stocks, read Intelligent Investor by Benjamin Graham and everything by Warren Buffett. Spend 40-50 hours researching each stock. He loves business trusts that pay out profits toshareholders every year. He like to visit www.valueforums.com to get ideas. Aug 2006, p. 43 |
