My child will be switching to a very expensive private elementary school. I have already prepaid the tuition for next year, but what is my best strategy to pay for the following years? Specifically, what is the best way to invest about $2K/month so that I can withdraw the needed lump sum once a year? 529 plans are for college expenses only, and Coverdell education-savings account maxes out at $2k/year.
posted by lmY2K on Mar 21, 2008 - 5 answers

What are the best options for my son's education savings? He's four and so far we've only been able to put about $1000 into savings for him. Would a 529 plan be the best route? What about CDs? I have practically no experience with savings accounts/investment/financial planning, but have decided to start learning about it. Should I go get a Motley Fool book?
posted by bstreep on May 4, 2007 - 10 answers

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