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5K in savings bonds for each of of my 2 young children (ages 5 and 6). What college investment is best? |
Should I go to a bank and ask? what is a good investment to transfer these savings bonds into for college savings? Thank you! Good start, but to keep up with the pace of inflation and college costs, savings bonds won't do it. A 529 college savings plan or a Coverdell savings account is the way to go. An investment company such as T. Rowe Price, Fidelity, or Vanguard will all be better than a traditional bank account. Ask an advise from ING Insurance. They have great programs for college savings. My 8 month baby girl owns one! If you are saving long term - 10+ years, you should be in equities (for growth), and not bonds (low return & safety). Bonds are a great place for preserving weath, but not for growing it. |
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