Archive - June 25, 2008

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Extreme College Planning

Extreme College Planning

Most parents aren’t looking forward to the cost of sending their kids through college. For those of you who really want to get a head start, here’s a scheme that will help maximize your college savings, albeit via rather quirky means.

Some time ago, a friend approached me with a question that no one had ever asked me before:  Is there a way to establish a tax-favored college savings plan for a child who hasn’t been born yet?  As it happened, he and his wife were planning to have a child within a year or so.  They had some cash …

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