Should you save for college in your child’s name?
Question: Our daughter is 4 and we’re starting to save for her college fund. Should we set up accounts in her name or our names? Answer: This really depends on your situation, so I caution you to talk with an attorney, tax professional or financial advisor. Typically, though, I find there are a few points you should consider before setting up accounts in your child’s name: financial aid issues, the kiddie tax, and the … Read More