One important financial goal you might have is saving for your children's post-secondary education. But, this is likely not your only financial goal and it is often difficult to prioritize and consider your complete financial picture. Discussing with your financial advisor all of your financial goals will help you work together to develop a strategy that factors in all of your priorities and sets you on a course that can best help you achieve them. Here are five strategies to consider as you plan:
By following some of these saving strategies when your children are young, the investments will have more time to grow and you may be in a better position to support your children's post-secondary education when the time comes.
Call your Edward Jones advisor today to discuss how you can help ensure you are preparing for your children's post-secondary education.
Investors should understand the risks involved of owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal. Dividends can be increased, decreased or eliminated at any point without notice. Diversification does not guarantee a profit or protect against loss in declining markets.
Save toward your child's or grandchild's education with this tax-deferred savings account.Read more
Answering this question can help you create a realistic savings goal – but the answer depends on when and where your child goes to school.Read more