Kid education savings

[Googlie]

kid education savings edi better ? 
 

529 vundi but if we do it then the kid is not eligibile for scholarships 

 

so suggest something that can be used for education or other things purposes

 

also please suggest an investment plan where money can be used for educational purposes outside of US like india etc 

[phatposts]

Fe things to consider - all are very very different but research.

UTMA, Custodial roth ira, small condo and rent with 15y mortgage, edo fixed term fee plan antaru konni states lo, adi naaku baaga telidu but some people swear by it.

[KiKiKi]

1 hour ago, Googlie said:

kid education savings edi better ? 
 

529 vundi but if we do it then the kid is not eligibile for scholarships 

 

so suggest something that can be used for education or other things purposes

 

also please suggest an investment plan where money can be used for educational purposes outside of US like india etc 

https://www.thebalancemoney.com/how-529s-affect-scholarships-and-vice-versa-4153510

529 unte scholarships ravu anedi correct point kadankunta bhayya ? can you pls check.

[JackSeal]

1 minute ago, KiKiKi said:

https://www.thebalancemoney.com/how-529s-affect-scholarships-and-vice-versa-4153510

529 unte scholarships ravu anedi correct point kadankunta bhayya ? can you pls check.

Only need based scholarships ke not eligible if you have 529 plan … won’t impact other types of scholarships 

[Pandubabu]

2 hours ago, Googlie said:

kid education savings edi better ? 
 

529 vundi but if we do it then the kid is not eligibile for scholarships 

 

so suggest something that can be used for education or other things purposes

 

also please suggest an investment plan where money can be used for educational purposes outside of US like india etc 

529 is the only right answer if you are saving for education . Some states give state tax deduction,  if you are not in any of those states , just go with fidelity.

If you are in those states go with state plan .

Assuming your kids are young,  invest in low cost index funds only.. don't do bonds bs. You may need to rebalance atleast once in 3 years with bonds /stocks allocation.

 

[Vaampire]

Buy an 🍎 stock every month

[perugu_vada]

Dont stress out too much about kids higher studies .. take the loan, snd let them pay .. USA lo kids ki 4-yr degree ki pay cheyatam ante comedy kadu .. well if u have money u can pay .. but dhani kosam ani financial obligation petukuni stress avatam at this age is not worth

as long as, as a parent we provide them the path for their higher studies, Like getting them loan and contributing part of the loan is enough .. they can easily find job post graduation