Chapter 5. The Easy Way to Save for College

Does this anxiety dream sound familiar?

You’re back at college, roaming the campus. Suddenly you discover that you’re late for a final exam. That’s bad, but your next realization is worse: the final is for a class you forgot to attend.

For a lot of parents, the complexities of saving for college evoke the same emotions: confusion, panic, and a seasick certainty that their mistakes will doom them (or their offspring).

Here’s what parents have to deal with

  • Education costs that continue to spiral at double the rate of inflation

  • A raft of different savings vehicles—custodial accounts, Coverdells, 529 college savings plans, prepaid tuition programs—with different rules, restrictions, tax treatments, and effects ...

Get Easy Money: How to Simplify Your Finances and Get What You Want out of Life now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.