How are you saving up for your kid(s) education? We set up an RESP for our first child and currently have TD Comfort mutual fund as its holding. Many feel that there are better options than MF however. For example indexes often have beaten MF returns. With that said we are looking to change the holding to index funds, or have it be self-directed where we can buy/sell stocks, funds, indexes or options. We also have a TFSA with a different TD MF. Looking to change that too so we can adjust the holdings on our own. I guess one can use the TFSA also as a place to hold money for kids education. I know TFSA has more freedom and is tax free whereas RESP the government will contribute an amount but there are stipulations if the named person decides not to use the sum for education.
Care to share your best saving strategies for your kid(s)? We are expecting our second child end of June. Want to plan ahead and get the investment accounts reconfigured. We also have a Canadian margin account, a US margin account, and two SDRSP investment accounts. Might ditch the margin accounts as there are too many accounts and not enough cash to go around.