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Brad Mitchell · 07-14-2012, 07:42 AM

I set up Virginia College Savings Plans for all three kids. After tax dollars go in now and money will come out on the back end for all school related expenses without taxes on the gains. While I don't expect to be relying on this, it is still a precautionary measure to protect some specific dollars for their benefit and with ten more years of primary education left the funds are doing quite well even in consideration of the anticipated future cost. The goal is to guide the kids into making fulfilling life and career choices, life is anything but being all about the money.

Cheers

Brad

07-14-2012, 07:42 AM
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,813	I set up Virginia College Savings Plans for all three kids. After tax dollars go in now and money will come out on the back end for all school related expenses without taxes on the gains. While I don't expect to be relying on this, it is still a precautionary measure to protect some specific dollars for their benefit and with ten more years of primary education left the funds are doing quite well even in consideration of the anticipated future cost. The goal is to guide the kids into making fulfilling life and career choices, life is anything but being all about the money. Cheers Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999