Education Planning
Articles and other content in our Education Planning category.
Not Planning Can Be Costly
Education planning has become even more crucial to many families over the past few years, mainly because the cost of a good education has grown dramatically faster than the overall rate of inflation. Some experts predict that, if your child is born today, you may need more than a quarter million dollars in savings to pay for tuition and living expenses at a quality college or university. The right education planning can put the burden of paying for your child’s education on your portfolio without forcing you to take on extra jobs or go deep into debt.College savings plans are a key element to education planning. Not long ago, many states established “529 plans.” These savings portfolios operate similarly to a retirement plan, but the proceeds can be used for education expenses, like tuition and books with recent legislation making earnings tax free.
Education Planning Overview
Your son or daughter will be swapping diapers for a mortarboard and tassel before you know it. Funding their education will be much more of a challenge than what you and your parents faced. (more…)