What is it? These days it’s not uncommon for parents to postpone starting a family until both spouses are settled in their marriage and careers, often well into their 30s and 40s. Though this financial security can be an advantage, it can also present a dilemma–the need to save for college and retirement at the
In the college savings game, all strategies aren’t created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can potentially accumulate more money with a tax-advantaged investment compared to a taxable investment. Ideally, though, you’ll want to choose
What is the forecast for college cost increases? You’ve seen the numbers–a college education is expensive. All those benefits of personal growth, expanded horizons, and increased lifetime earning power come at a price, a price that increases every year. According to the College Board’s annual Trends in College Pricing Report, for the 2015/2016 academic year,
Use our College Savings Checklist to gather information about your college savings needs while finding a balance between educational savings and other goals, such as retirement savings. Estimate what college costs may be and consider some options for reducing college costs. Download College Savings ChecklistConnect with an Advisor Download and complete our College Savings Checklist
College costs For the 2015/2016 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students is $24,061, the average cost at a four-year public college for out-of-state students is $38,544, and the average cost at a four-year private college is $47,831. The COA figure includes
