Prepaid College Plans
Tax Service Temecula does more than just taxes. They are there to help you with investments for your future.
Prepaid college plans have rising risks which are making many who invested lose money. The management firms investing these moneys have been investing in high risk assets. Some states have stopped accepting new money for these plans as they are now facing the funds running on empty.
You will want to discuss with your CPA what laws pertain to the state you live in as to what kind of guarantee there is set up for the plan when money is lost. There are only a few states that actually guarantee the total amount lost. Know the risks involved in prepaid college plans.
