Review: Essential read for those about to have a child or with children!
Rating: 5 out of 5
Date: 04 8, 2014
I'm currently expecting my first child and I'm so glad I decided to read this book.  My partner and I were discussing sending our child to college and how exactly we'd go about doing that.  I really didn't know what options there were and was going to rely on asking my mother.  Until I picked up this eBook!The message:  START SAVING EARLY.  This book sets out how one can start investing in a child's educational future by listing the different options out there, including:  529 Plans, Coverdell Student Investment Accounts, Roth IRAs, Custodial Accounts and Investment Accounts.The book is very simple and straightforward in setting out the pros, con, benefits and risks of each of the above options.  It compares and contrasts them, giving you an idea of what's right for a person's particular situation.  This was great for someone like me who isn't exactly a skilled investor at all (nor am I really apprised of the different educational savings options out there).I found out about the various restrictions on each investment type, like who qualifies to set up each such investment, the taxation issues or benefits that go along with it, the maximum contributions possible, distribution penalties that may be incurred, how distributions or funds can be spent (on qualified educational expenses only or on a shopping spree as the beneficiary pleases?), which investments can be rolled over to another beneficiary or account, the implications of same, and so on.For those considering an investment account as the right option for them, the book also helps you with the strategy you'll want to use in doing so (I won't put out a spoiler, but the strategy differs for parents or guardians of very young children as opposed to children closer to college age).I found this book really helpful in directing me as to which path I should investigate further to set my child up for a bright future.  A quick but essential must-read for like minded (soon-to-be) parents.