Ways to Save for College

If you have your own business, hire your own child to work for you. This method has terrific tax benefits and is a great addition to other tax-advantaged methods of saving. This can also be a good character building activity for your child and may increase the amount of time the two of you can spend together before they head off to college.

This method will obviously not work well if you do not have your own business. It may also require you to trust your child to save part of their wages for tuition.

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