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To: Tommaso who wrote (54569)12/6/2005 8:29:32 AM
From: Ottrose  Respond to of 206281
 
Sounds like more than a few are dealing with college tuition, kids or grandkids. The 529s are great but don't forget alternative funding options--two big opps that seem ripe for many on this board are taking advantage of the kiddie tax for transferring stocks with major cap gains to the kids, and the section 127 tuition payment program for employees (espec for those one-person professional trader companies). Far greater tax advantages to these if done properly. Like the ad says, contact your financial/tax professional, yadda yadda.

/s/ a Long-time lurker working assiduously to add at least .01 or .02. [Lurking long enough to recall the LAST time all were going to get together several years ago...what was that, the OSX 150 party? I think internescine sniping, a planning cmte that the Russkies would've envied, and a big-time drop in the oilies snuffed the idea?]

Thanks to so many for so much!

>>>CLL PBG ... I've almost paid my kids future tuition for master's degrees... 6 and 13... in their education accounts
<<<

That's wonderful. I thought I had provided for my daughter pretty well but Oberlin College at almost $30,000 a year cleaned that out pretty fast.