AboutJim Meadows Expertise I can respond to most questions concerning consumer and business relationships with US financial institutions. My expertise touches on deposit and loan issues and particularly on strategies to navigate through bank policies personell and practices. I have a degree in Economics, attended law school, Graduate Shool of Banking, and Commercial Lending and Compliance Schools.
Experience I have twenty years experience as a bank CEO. Most of those years were spent operating a bank focused primarly on serving consumer/retail needs. I helped pioneer deposit and loan products for low/moderate income individuals. I currently serve on multiple bank boards and am Chairman of a Commercial Bank in Atlanta.
Question Hi Mr. Meadows. I'm a divorced dad. I have a son,5 and a daughter 9. I put monry aside monthly for their college education. Is there a way that money could be increasing or doing better than staying in my mattress,LOL? Thanks in advance Mr. Meadows!
Answer John, You might want to investigate "529" college savings plans which are approved by all states. The benefit of these plans is that in addition to a market rate of return, the earnings are tax free. You can go to collegesavings.org to learn more abut 529's, education IRA's & programs specifically relevant to your state. You're smart to be planning ahead. Good luck. Jim
