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College Savings Bonds

Posted on February 27, 2010.
College Savings Bondsin savings bonds for each of the 5K of my 2 young children (ages 5 and 6). What investment is the best college?

Should I go to a bank and ask? This is a good investment for the transfer of savings bonds in education savings? Thank you!

Good start, but to keep pace with inflation and the cost of college, savings bonds will not do. A 529 college savings plan or Coverdell Education Savings Account is the way to go. An investment company such as T. Rowe Price, Fidelity, Vanguard or will all be better than a traditional bank account.

Ask an advisor to ING Insurance. They have excellent programs for education savings. My little girl has a 8 months!

If you are the long-term savings - 10 + years, you should be in stocks (for growth), rather than bonds (low performance and safety). The bonds are a great place for the preservation of METEO, but not for cultivation.

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