- October 5, 2018
- Education Savings , Personal Finance
- Comments : 0
Should you save for a child’s education in your name or theirs?
There are three potential drawbacks to saving money for a child’s education under his or her own name: the kiddie tax, federal financial aid rules, and control issues. First, the kiddie tax. At one time, saving money for college in a child’s name was recommended because of the tax saving opportu...