I discuss college savings for twins, regaining pre-twin life, and Diaper Genies for twins in the 30th episode of the Dad’s Guide to Twins podcast.
Click links for transcripts:
- How do you make college savings plans for twins?
- How can you regain your pre-twin life?
- Are diaper genies any good for twins?
The Money Guy podcast that offers some insights into specific education plans:
Oops! It looks like the mytwintopia.com blogger I mentioned in this episode has since removed the post from her blog. Here’s what she had to say about her college savings for twins:
I opened an Education Savings Account with Sharebuilder. I chose the ESA route for it’s flexibility. The funds can be used for all levels of education and not just college. Also, the account beneficiary designation can be changed from one family member to the next and the age of limit is 30. I am quite comfortable with managing the portfolio myself and don’t see us exceeding the $2000 annual cap in the next few years. I chose Sharebuilder for the low transaction fees. If and when the ESA no longer works for us, then we’ll reevaluate the situation and make a new decision.
The other thing I’ll be doing is updating my UPromise account. UPromise is a rewards program by Sallie Mae that gives you back a portion of money spent on purchases towards college costs. More information is available on their website.
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(RELATED: Expecting twins? Avoid these 4 critical mistakes expectant twin parents make.)
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