Overview
If providing a college education for your child or grandchild
is one of your primary financial goals, you need a plan —
an investment strategy — to help ensure that you’ll
have the money when you need it.
Like providing
retirement income and buying a home, paying for college is
often a major expense. But unlike retirement, which you may
postpone for a year or two while you build a bigger nest egg,
or buying a home, where you usually pay only a small percentage
of the cost up front, college generally has a specific time
frame and strict payment schedule.
The most
effective strategies tend to have some things in common. These
are some approaches you may want to adopt:
-Start
early and invest regularly in one or more accounts you’ve
designated for college costs
-Build a diversified investment portfolio with the potential
to provide the dual goals of growth and safety
- Take maximum advantage of the investment opportunities that
are designed specifically for accumulating educational expenses
*Note
The information presented here is solely intended to be an
educational resource and is not intended to provide specific
investing, tax, business, or legal advice to any individual
or entity.
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