My kids are 8,4, and -3months and I really want to give them a head start in life. My goal is to have enough they can pay for 2 years of community college. It’s not much, but I said head start not free ride.
Right now my household income is ~140k. I currently can only save about $150 a month for all three.
It’s tight because we’re marking double mortgage payments and over double student loan payments in addition to an aggressive retirement plan. The amortization on the loans is 3 and 5 years after which I will be able to save significantly more.
I’d imagine there are tax shelters for such a thing, or should I just start a bank account and cd it? Ideally I’d like to pay less taxes and have a higher interest rate.
Advice?
Submitted January 23, 2019 at 12:36AM by gerbil_jammer http://bit.ly/2FUaaPa
