Fidelity U-Plan, anyone?

From: Ira Krakow <ikrakow_1999@yahoo.com>
Subject: Fidelity U-Plan, anyone?
Date: Sat, 25 Dec 1999 11:34:17 -0500

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Anyone use the Fidelity U-plan for saving for college for kids.  The =
plan appears to have attractive features.  One of the features Fidelity =
is pushing is that you can put up to $50K in the plan and avoid gift tax =
(although it may be that you can't do any gifts for 5 years if you put =
in that much).  Also, the proceeds when taken out are taxed at the =
child's rate.

Any down sides (limits on investments, colleges that the kids may or may =
not attend, what happens if the kids decide to do something else - can =
they take the money and "run" away from college?).

Happy holidays to all.

Ira


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