Paying for College Without Breaking Your Retirement Nest Egg
Almost from the moment the wailing starts in the delivery room, parents start dreaming about college for the Little One. It doesn't have to be a nightmare. There are ways to pay for college without living like a monk or sacrificing your own retirement. The first in a series of college funding strategies begins here ...
Encourage your pre-teen to open a Roth IRA with earnings from their paper route and other jobs.
Consider hiring your child to work in your business or help with chores related to your investment property.
Use a CollegeSure CD issued by an FDIC-insured bank to accumulate savings
Think about using a fixed income annuity to hold a portion of money for college to avoid the potential loss in principal that can happen with a 529 plan invested in mutual funds.