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| education (Photo credit: Sean MacEntee) |
Are you expecting to have a child this year? If
so, then planning for his or her college education might be the farthest thing
from your mind. After all, it probably seems like many, many years before your
child will even be thinking about school. The truth is, however, that eighteen
years fly by pretty quickly. Furthermore, recent financial reports are
predicting that, in eighteen years, college costs will likely be hundreds of
thousands of dollars more in total than they are now.
Fortunately, most people realize the rising
costs of college and are starting education
planning early. A lot of these people, however, just put money aside in
checking or savings accounts, and while there’s nothing wrong with that, it’s
always better to be saving via a method that earns you tax benefits.
To find out which of those methods applies to
you and to save the most money possible for your child’s education funds, visit
Platinum Financial Associates of Naperville for help with education planning.
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