Saving for College (as reported by Joel Saul-Sehy on personalcapital.com)

The price tag on a college education continues to rise. This is nothing new, and families planning to send their children to college need to start saving as early as possible. When starting to sock money away, you will have a number of options that will work better in the long run than your average savings or even investment account. For example, you can choose to open a 529 college savings plan, assuming you live in a state that sponsors such a plan. 529 accounts allow you to invest your money tax free and use it to pay for college directly without ever incurring taxes. That means all the money you put away goes directly to your child’s education. For more college savings options, click here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: