The single greatest investment of your life is your children. No doubt you want to provide for them in every way you can. With rising tuition costs, many parents are adding college planning to the mix.
According to the US Department of Education, the average annual cost of public school increased 6.5 percent each year over the last decade. That means that by 2030, annual public tuition will be $44,047*. The total cost for a four-year degree will be more than $205,000.
Such debt straps an extra burden to young college graduates at a payment similar to a mortgage! But you can help your children avoid or lessen the debt with investments now. We can help you put aside an amount that allows you to plan for your child’s future without taking away from what you can provide now. We’ll take your income and other investments—including your retirement planning—into account as we devise a plan that works for your family.