My kids and MM

[Deleted]

Last night on the car ride home my 6 year old says to me "mommy how much is in my college fund". We've never discussed college funds with the kids so it was a shocking question. I respond "not enough". He then tells me two brothers at gymnastics camp last week told him they had $2M in their college funds.

[momof2boys]

Wow! I think its cute and cool your son is asking, I think its ridiculous that 6 years old are bragging at gymnastics about the $2M they have!

[stingsharkruns]

They are 6... Are the chances very good that they each have 2M in their college fund? Kids say the darndest thing...at least my nieces & nephew do.

[Deleted]

Yeah I doubt anyone (even in your neighborhood!!) would hold $2m in a kids college fund. Not sure how it works there, but in Canada $ in your resp for kids is pretty locked in - you probably wouldn't want to over-fund when you could have it in better investment venues. Although I guess the $2m might not be in a specific acct.

[Deleted]

Jan 10, 2013 7:27:42 GMT -5 @lauriergirl28 said:

Yeah I doubt anyone (even in your neighborhood!!) would hold $2m in a kids college fund. Not sure how it works there, but in Canada $ in your resp for kids is pretty locked in - you probably wouldn't want to over-fund when you could have it in better investment venues. Although I guess the $2m might not be in a specific acct.

I told ds they probably didn't have that much and were just making up stories