Yesterday I described the best prepaid tuition plan I know of, Washington state's Guaranteed Education Tuition plan, which allows you to place a tax-free bet on the trajectory of tuition inflation at Washington public universities. It's a weird investment vehicle, but you could see how it might play a speculative role in the portfolio of a sufficiently wealthy person, … [Read more...] about How to think about prepaid tuition plans: Virginia Prepaid529
higher education
How to think about prepaid tuition plans: Washington’s Guaranteed Education Tuition plan
I've written extensively about 529 college savings plans, which are a way for the wealthy to permanently shield intergenerational transfers of appreciated assets from taxation while also allowing those assets to internally compound tax-free. However, there's a second kind of investment vehicle conceived of by section 529 of the Internal Revenue Code: prepaid tuition … [Read more...] about How to think about prepaid tuition plans: Washington’s Guaranteed Education Tuition plan
Should you use the Vanguard 529 Plan?
State-sponsored 529 savings plans are tax-advantaged estate planning tools that can also be used to save for "higher education" expenses, a category which was recently expanded to include private and religious K-12 tuition. I've had an account with the Utah Educational Savings Plan, which was recently rebranded as My529, for years and have been very satisfied with their … [Read more...] about Should you use the Vanguard 529 Plan?
The effect of estate tax repeal on the 529 scam
One of the first posts I wrote here was about the 529 scam. I explained that 529 plans are a way for wealthy individuals to permanently shield an almost unlimited amount of assets from taxation, and that the scam was made sustainable by the very large number of middle class people saving a very small amount of money who are absolutely convinced that 529 plans are a way to save … [Read more...] about The effect of estate tax repeal on the 529 scam
Fish for scholarships in the deepest pools of money
One of Charlie Munger's beloved aphorisms is to "fish where the fish are." It doesn't mean you're guaranteed to succeed, but you're much more likely to succeed than trying to fish anywhere else. When it comes to college scholarships, there's a cliche so old it's practically an antique: apply for as many scholarships as possible, no matter the amount, because every … [Read more...] about Fish for scholarships in the deepest pools of money