Title: Saving for college

" It just fine and it doesn't mean planning for your family's future in fact. It would be an eight not taking. Her children educate and do that when they're a little left no written into the joining us financial planner with security American and I and -- advisory group of money matter. On 830 WER. And is there -- strong like always -- Million dollar -- aid but it -- as doctor."

" Well you know you get started all dollar and curt young and dark and their child born or even before their child -- get on dollar I think everybody -- 800 dollars a month. And if you can increase that overtime. -- have a very upon impact on how much money you can accumulate. During child. In your article. -- that people aren't aware of their programs where -- shopping. Will help up your child's college education talk about programs to promise of the mutual and company have credit cards. Where would you shopping go buy an Apple Computer eagle and -- here are eagle -- furniture. A portion of that. Your title like 29. That's another method money really tight to the point where you can only do fifty dollars a month hundred dollars a month that by night. -- Can help supplement and -- Partly. Linked to remain don't know with a -- and let's explain what -- 29. Revenue code. 41 -- users and in it recently to -- was asked to leave in 1990s. And allowed him to eight for their child's college educate. Tax for. You don't pay any federal income tax paying state income tax on the money you deposit. It at 529 and grow tax free until the child to college and then we withdraw -- That money to pay for college tuition it comes out tax for a real windfall in terms of tax. After being used for -- and no no you can use the money for you know if your child fortunate. To get into an Ivy -- cooler. You know a great private college or -- you can use that money for any. Any college any qualified college that you want the -- tax for. And you take a loan out again that. Outlets are -- only eat when you take the money out. Your child's fourteenth at -- went to. 529 money. To -- for him to go to Catholic Memorial. Day if you do that. If you take money out prior to eighteen in prior to being used for college educate. You're gonna pay 10% penalty on profit. So you really what I tell him use that money. Funding just for college and don't use it for a down payment on second home and don't at her you know. Cool and think that money would be designated for college. Any suggestions when it comes to saving money. For college education in the occult well I think that maintains looking your whole budget. And look at the college pending liability thing you're going to have to fund. If you can earn an interest on that in a -- by portfolio of mutual funds -- the 127. Now dollars. Time out pretty -- college. Seven to 7000 about 127. -- You know incurred -- dig deep I know tough time if you're unemployed -- news -- do your mortgage one at. I find a lot of -- are you know they're spending the money in area at. I think in retrospect don't regret it if they don't let you know that they'd gone and you're a long time. And I can tell you from -- What -- it implies and the tuition bills are on you before you know absolutely right great information as always thanks very thank you very much."