You want the best for your child or grandchild. Like most major financial goals, this requires diligent planning.
For many parents, paying for college is a significant challenge. Time is short, costs are high and average college expenses are generally rising faster than inflation. To alleviate some of the stress surrounding education planning, consider adding a college funding plan to your portfolio. New tax laws and investment strategies have made it easier for parents and grandparents to save for rising tuition costs. We recognize that your children and grandchildren are the future and proper education is key to their success.
The average cost of attending both public and private universities in the United States since the 1980s has increased at two and sometimes three times the rate of inflation. Although college expenses are soaring, the costs associated with not attending college may be greater. Over a person's lifetime, research shows that the gap in earning potential between high school graduates and college graduates exceeds $1,000,000.
As difficult as it may be, the need to start planning is imminent. Our professionals understand the obstacles you face and can help you save properly with the many options available, including 529 Plans, Coverdell Education Savings Plans and others. We can help you determine what your savings target should be based on projected costs and then recommend appropriate investment strategies. Contact your Weitzel Financial Services, Inc. representative to get started today.
Disclaimer: Weitzel FInancial Services, Inc. is a Registered Investment Advisor offering advisory services in the state of Iowa and in other jurisdictions where exempted. This communication is designed for informational purposes only. It is not intended as investment advice or as an offer or solicitation for the purchase or sale of any security or financial instrument. See Disclosures for further details. Securities products and services are offered through Weitzel Financial Services, Inc. (member FINRA).