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Tuesday, June 25, 2002 |
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I just sat in on a presentation about the college savings section 529 plans. These sound like great plans for those of us socking away money to fund college educations for our children. They are great plans. However, there seem to be some big differences between plans and the states that back them. College Illinois, for example provides guaranteed prepaid tuition (a guaranteed rate of return in essance) for any Illinois college. That is pretty nice - especially in the current market. However, the same plan does not allow withdrawals for Room & Board or Supplies. That offsets some of the niceness. The Bright Start plan, on the other hand, does allow these withdrawals, but does not provide any guarantee on the return. How does one decide? I am just a country software developer! Saving For College seems to offer some help by offering state by state analyses of known 529 plans. I still feel the need for a financial advisor to help me determine what is best for my situation. Owning a home in the suburban Chicago means I have zero chance of getting any financial assistance. I can live with that, but want to make sure I am getting the most out of the money I am setting aside for my two kids. |
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Batmobile Schmatmobile, The Preferred Tool of Terrorists is... [Ernie the Attorney] 9:48:01 AM |
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I'm glad I'm not the Oscar Mayer wiener
We must remain vigilant. The terrorists are desperate, and who's to say they wouldn't try to hijack a national emblem like the Wienermobile and drive it into the Pentagon? [Ernie the Attorney]9:44:22 AM |

