tag:blogger.com,1999:blog-36379445.post1125979014100873961..comments2023-09-03T04:39:12.983-04:00Comments on A Funny Thing Happened on the Way Home...: Follow-up and Counter-Intuitive Financial AdviceAccidentally Mehttp://www.blogger.com/profile/01869100744451468800noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-36379445.post-57445864267473875902009-05-11T05:35:00.000-04:002009-05-11T05:35:00.000-04:00I can see why you'd find it dishonest but that doe...I can see why you'd find it dishonest but that doesn't mean it neccesarily is. I'm not one who tends to follow the mindset of "if everyone else is doing it why shouldn't I?" but I think it really depends on the situation. Only you know your finances and so if you think you'll need more help to pay for Munchkin to go through college then I'd say putting her money in say your name isn't being dishonest; but if you think you/others can comfortably pay for her then I'd have to say don't bother moving her money out of her name.<br /><br />That's just my opinion, of course ;)boohoohttps://www.blogger.com/profile/10356984519402775537noreply@blogger.comtag:blogger.com,1999:blog-36379445.post-40612215083652710232009-05-08T18:22:00.000-04:002009-05-08T18:22:00.000-04:00you could put her money in your name in an account...you could put her money in your name in an account in trust for her.<br /> Good advice from the financial planner. A parents assets are somewhat protected, but all of the money saved by the children is not, and is expected to go straight towards college and will definitely count against her financial aid situation...<br /> this is not dishonest. you should see what some people do to get financial aid.Lori S-Chttps://www.blogger.com/profile/08935271057806830931noreply@blogger.comtag:blogger.com,1999:blog-36379445.post-85601322487046416422009-05-08T09:58:00.000-04:002009-05-08T09:58:00.000-04:00Wow, valid point from financial advisor. I hadn't...Wow, valid point from financial advisor. I hadn't even thought of that. Are there ways to encourage her to save that wouldn't penalize her? Roth IRA? Some sort of savings? CDs?(Remember, I have no idea what I am talking about when it comes to finances.)laurwilkhttps://www.blogger.com/profile/06008662086221324656noreply@blogger.com