Question:
i am currently saving for college for my 2 sons 1 son is 5 and another is 1 years old respectively. i currently put my money in a nj best college saving program which basically invest in stocks i have also been thinking of opening up a government bond account mainly savings nond whic is a better way to save for education
Answer:
You can also investigate other state's plans. We are in the Iowa 529 plan for our 4 year old.
Kudos to you for thinking ahead! YOu could also look into talking to an investment counselor, they know lots more about what's out there.
ING the online bank has good rates on savings account - i think about 4.25. %, also some banks have CDs as high as 5% interest
invest in a mutual fund, I think that is best. In my opinion it solves the problem for non-wealthy people to take advantage of high interest earning stocks without having to shell out 10-30k at one time.
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