Saving for College - the most vexing problem

The New York Times (January 3, 2009) said "saving for college is one of the most vexing problems in all of personal finance."

As true as that statement is, saving for college is also a basic goal for most American families. There are strategies that maximize tax benefits associate with saving for college. In fact, it's possible for some taxpayers to legally save for college with money previously spent on income tax payments.

The time is now to strategically plan to stop wasting money on taxes you are not required to pay.