Wednesday, January 14, 2009
College Savings Iowa
We have College Savings Iowa accounts for our children and also for our nieces and nephews, except for the one nephew with whom we have lost contact (Jake Stahl, if you're out there, we want to hear from you!), but I did not even think about opening one for Barry. I checked into it and we can do it. So I opened one yesterday, with enough money to pay tuition for the spring classes he's taking. It only has to be in the account long enough for the funds to clear, and then we can pull it out again for tuition and it becomes state income tax free. How cool is that?