If you have kids, one of the issues that you need to consider is what you are going to do about college expenses and if you do decide to save money to pay for college expenses, where is the best place to put that money. That is what this following question from a reader is not sure about:
I have 3 kids that are ages 4, 8 and 10. I currently don’t have any designated accounts for them for college and I’m curious what I should do in this department.
I have been maxxing out our retirement plans and our home is completely paid off. We have no credit card debt and the only debt we do have is one car payment which we can easily afford.
The question I have is what should I be doing? I