anyone interested in investing in stock market?

Stocks, over time, will generally yield a higher return than keeping the money in the bank. However, for long term goals such as your children's education or your retirement you also have to watch out for taxes. As your money grows in the stock market so does your tax liability and this can significantly reduce the return on your investment. In the area of college education saving there are a number of ways to shelter the invetment income from income taxes. Among these are opening the account in the child's name and Social Security number using the Uniform Gifts to Minors Act. However, you cannot use this money yourself and when the child reaches age 18 he/she can do what he/she wants with it and you will have no say. A second option would be a Cordoval plan which is an IRA like plan that shields the income from taxes but must be used for the child's education. A more flexible option is a 529 state sponsored plan in which you invest money for the child's education. However, if the child elects not to go to college or doesn't need all that you have accumulated then the remainder can be moved to the account of another child of yours or, I believe, can be left for you to use at retirement. A nifty way to increase your return is to find one that participates in the Upromise program which contributes money to the account when you purchase certain products or services (like MyLot you pick up a few cents here and a few cents there which, over time, adds up but will not pay for college alone). You can get more information on this program at http://www.upromise.com A fourth way is to use life insurance to build funds, tax free, while giving you the option of keeping ownership and control over the funds. Here is a link to an article I wrote on how this can be done http://hubpages.com/hub/Funding_a_college_education_with_Life_Insurance

1st learn to say no