They're not losing anything in the way of deductions. And their money is locked up for a long time.

The system is absurd. Saving a lot of money may impact your kid's ability to get a scholarship.

You'll be eating New York pizza tonight.

That's not an asset the state can see.

He's not getting the kind of diversification he thinks because they're all in large company growth, ... If he held small company funds or value funds or foreign, he'd have wider diversification, and far lower risk.

If your kid doesn't go to college, you subsidize your own retirement.

We find that all the time, ... High growth, high-tech issues are at a point now when they're horrendously highly valued, which means he's excluding buying sectors that are fairly or undervalued.

There's a lot of overlap in his plan. You might as well hold an index fund.

What you inherit may not be appropriate for you, but you can change that. It's a one-time free way to change the portfolio that meets your needs.