3 ways to save for your child's future

Source: bankrate.com Posted By: Maria P...5336 days ago

In fact, choosing the wrong savings vehicle for your children's future cash could cost them thousands in avoidable taxes and missed financial aid.
"In the federal formula that determines how much financial aid a student receives, there are asset protections for money in a parent's name that are not there for money in a student's name," says Robert Helgeson, director of financial aid for Valparaiso University in Indiana.

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