The new laws are too complicated to explain here, so check with your tax adviser for details. A college education comes at a high cost but is well worth it. Getting the best education possible is essential in a country where knowledge workers dominate. As you savor the last few weeks of summer, consider your college savings plans for the children or grandchildren in your family. Saving for college may require some sacrifices.
Sailing is still more fun and more exciting anyhow.
Frank Jones is a Memphis area business executive and investment adviser.