Will You Be Ready?

Over the past 20 years, college costs have risen more than twice the rate of inflation. For many of us, paying for a child's education will be one of the largest expenses we'll incur in our lifetime. But the opportunity is clear - a college degree helps you earn up to 80% more than a high school diploma alone according to a college board. Will you be ready to fund your childs opportunity? The most important step of any college savings plan is simple — you have to start. Whether you invest systematically over time, contribute a lump sum, or do both, getting started can be the hardest part. The sooner you begin, the more you may be able to accumulate. Everyone's savings plan will be different based on a host of factors — the number of children they have, which college their child wants to attend, how much they have saved already and whether friends and family will contribute. Working with your financial professional, create a savings strategy that works for your family — and begin!