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Education Planning
You want the best for your child or grandchild. Like most major financial goals, this one requires planning.
For many parents, paying for college is a significant challenge. Time is short and the costs are high, with average college costs typically rising faster than inflation. If thoughts of saving for your child’s or grandchild’s education cause panic, consider adding a college funding plan to your portfolio. With new tax laws and investment strategies, parents and grandparents are finding it easier to save for rising tuition costs. We recognize that your children and grandchildren are your future, and that a proper education is key to their success.
The average cost of attending both public and private universities in the United States since the 1980s has increased at two and sometimes three times the rate of inflation. Although college expenses are soaring, the costs associated with not attending college may be greater. Over a person's lifetime, research shows that the gap in earning potential between high school graduates and college graduates exceeds $1,000,000.
Difficult or not, you need to start planning. Our professionals understand the obstacles you face and can help you select the right components from the many choices available, including Education IRA's, 529 plans, prepaid tuition, and others. We can help you determine what your savings target should be based on projected costs, and then recommend appropriate investment strategies. |
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