Grace - posted on 03/27/2012 ( 2 moms have responded )
I feel I'm pretty unbalanced in terms of spending far more time trying to save a buck here or there on kid purchases, but feel like I haven't invested as much time into financial/estate planning and college savings for the kids - and this could end up costing $1.2 million for my 3 kids. But I feel some of this is due to how confusing financial products are designed to be, and that information isn't as widely available. I think people may have individual recommendations from their financial advisor, but it's not something that's very openly shared. I've heard that Utah's 529 is better because of the lower fees, I personally have some funds in Virginia's 529, but I was hoping to get thoughts about 529s, diversifying across other investment vehicles, etc. My financial advisor had recommended whole life insurance as a college savings vehicle, which kick started my research - but yet to find really good resources - though I think the recommendation makes me really question my financial advisor!