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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Dave Feldman who wrote (103381)2/15/2006 7:28:56 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
Dave, yes, i do.

1. attend in state schools.
2. attend community college for first two years.
3. take *real* courses that will transfer and mop up the other older high schoolers on the gpa front.
4. kids know, up front, that anything over 4 years is on their dime.
5. kids should be encouraged to plan their college career so they don't spend their own dime.
6. kids can live at home for the first two years.
7. kids can move out, pay their own way and do whatever they like.

my only comment as to *real* courses... when i was in community college, i carpooled with a guy who took sewing. man, we thought that was so funny... fortunately, he was really cool otherwise, or we woulda torched him relentlessly. plus, we mostly carpooled in his car. ;-) he practiced sewing on my mother's sewing machine.

he went on to co-found enyce. i think he still manages it, too.

enyce.com

i'm sure he'd laugh back at us now, but he's probably too busy counting all his "community college sewing class" cash to even think about us.

the moral of that story? don't ask me what is a *real* class, 'cause, apparently, i *really* don't know. ;-)

mike can handle the investment side, but don't forget the spending side.



To: Dave Feldman who wrote (103381)2/16/2006 9:16:24 AM
From: Knighty Tin  Respond to of 132070
 
Dave, I don't know MECs, but can't see where they could be better than 529 Plans. If you get the one in your state, you may shelter federal and state income taxes. And if used for education, the money is never taxed.