A Plan for College Savings
Have a clear plan on how to meet looming college bills.
COUNTRY Financial® can help you determine the best way to help you reach your education funding needs, no matter from where you're starting. Here are some suggestions to help you save for college.
Determine specific savings goals
Consider the number of children you have, how many years until they start college, and where they may attend college. Review your current savings and your projected needs to determine how much you will need to save each month to reach your target.
Having a plan is a great start, but plans mean nothing without follow through. Set up an automatic investment plan to add to your savings on a regular basis. The sooner you start saving, the more time your money has to grow. Be sure to diversify your portfolio among investments to seek the best returns while reducing overall risk.
Seek the help of a financial professional
Financial professionals can be your best allies in saving for college. A professional can assist you in estimating the costs for college. In addition, a professional can help you evaluate which college savings vehicles are best for you and can explain tax-advantaged savings accounts, such as 529 college savings plans or Coverdell education savings accounts.
This article was prepared by COUNTRY Financial®.
Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. There are investment risks associated with investing in municipal fund securities. More information about municipal fund securities is available in the issuer's official statement. The official statement should be read carefully before investing.
The information contained here is general and should not be considered legal or tax advice. Laws of a particular state and your particular situation may significantly affect the general information presented herein. The availability of the tax or other benefits mentioned above may be conditioned on meeting certain requirements. You should consult your attorney or tax advisor regarding your specific legal or tax situation.