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You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
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∙ 12y ago
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In Minnesota what happens to a child's savings account for college in a divorce?
In Minnesota, a divorce should not affect a child's savings account for college in a divorce.
Should a person have a savings account for college?
Yes, a person should have a savings account for college. If you do not qualify for a scholarship you will need the funds to pay for your tuition and books.
Where and how should I set up my child's college savings account?
A child's college savings account can be opened up at a bank. For example Wells Fargo and Bank of America. First, you walk in tell them that you are interested in setting up a college fund and then they'll help you get started.
A child should have their own savings account starting at a young age. ?
A child should have their own savings account starting at a young age.
If a leander can debit from a savings account can a person use there savings?
i think it should be consiterd
Is a savings account worth the trouble?
A savings account should be a vital part of everyones financial planning. It is good to have separate savings and checking accounts to better prepare for your future.
At what age should you start a savings account for your child?
It is never too soon to start a savings account for college. If you haven't done so already, a good time to open one is when they start asking questions about money. This can be used as a tool to better teach them how to manage their finances.
How do you open an online savings account?
Begin your new online savings account at the bank of your choice, online of course! You should be looking for a savings account with the highest interest rate you can find so you get the greatest return possible for your money. The process should be very easy, you can do it!
Why should a company open a business savings account?
A company open a business savings account because it makes transaction and payment much easier. You can read more at www.citibank.com/savings
What should you think of your savings account as?
money not put to use.
Does the IRS tax you on your checking account savings without interest?
No. You should only be taxed on income, not on your savings.
When shopping for a savings account you should look for one that offers?
When shopping for a savings account you should look out for the one that offers:The best interest rateMost rewards and benefitsMinimum fees and service charges
