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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by The_Jazz
One of the several ways I'm saving for college for my kids is via wholelife coverage. The reason for that particular vehicle is that (along with the 3 or 4 others for each kid, including a 529) if they get scholarships or decide not to go at all, I can control the money much easier and with no penalty later on. If they need it for college, it's there, but it's also there for later on in life and an asset I can hand over when they're ready and need it without them getting penalized.
Then again, my circumstances probably differ from most others who may be buying this.
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that's the part that I'm trying to understand. It's choosing yet another vehicle to save. Its hard to remember that when all the negative press you hear about but you don't need "whole life blah blah blah..."
I don't, but when all is said and done, I'm putting things into different baskets, and well to keep it as diverse I have to find new baskets.
Thanks for laying that out.
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