“I won't even begin to work with a client until they have completed a letter of intent, which deals with your hopes and dreams for the child, ... I tell the mom, who is often the one who writes it up, that they should write it as if they were an angel on the shoulder of the designated caregiver. She should include everything she would whisper in their ear.”
“It's difficult for some military personnel after five or six years who may be married, have kids and other financial obligations, ... If they haven't banked some on the side, it's tough.”
“They hadn't even gotten their first paychecks yet, ... My biggest thing was giving them a sense of reality and what costs would be. We outlined costs and a budget, and by the time we finished they said they could take maybe one vacation a year. They started to understand reality versus their dreams.”
“Saving $2,000 annually in an Education IRA (starting in 2002) or a college savings plan (529 plan) earning 8 percent should provide the needed money, ... The Education IRA has the most flexibility since the new tax law allows money to be spent on computer technology, Internet access or K-12 expenses in addition to college costs.”
“Saving $2,000 annually in an Education IRA (starting in 2002) or a college savings plan (529 plan) earning 8 percent should provide the needed money. The Education IRA has the most flexibility since the new tax law allows money to be spent on computer technology, Internet access or K-12 expenses in addition to college costs.”
