The first day of school, starting high school, graduation – these events are important milestones in not only your life but also the lives of your children and grandchildren.

With the cost of education rising, it's important to have a well-thought-out strategy to save for education expenses. Saving for education is not a one-time event but an ongoing process.

By following our five-step process, your Edward Jones advisor can develop a financial strategy to ensure that you stay on track.

First, you should become familiar with the options available to you:

Registered Education Savings Plan (RESP)

A sound strategy should help you address the following questions:

• Have I saved enough so far to help me reach my education goals or those for my child or grandchild? 
• How much will I need to save for my children's or grandchildren's education expenses?
• What amount of education expenses do I plan to cover?
• How could paying for education affect my other financial goals, such as retirement?

We're here to help

At Edward Jones, we can help you achieve your financial goals. Contact your local Edward Jones advisor to talk about your financial strategy.