Saving for college while also planning for your future is difficult. My wife and I struggle balancing how much we set aside for retirement, putting money away for higher education for our three children and the day-to-day expenses of life. If, like us, you had a multiple birth, it can be twice (or three times, or more) as daunting. Factor in that at many places you need to have a certain asset base to receive professional advice and it can seem like the deck is stacked against you.
I understand what you’re going through. While I typically serve clients with $250,000 or more in investable assets, I make exceptions for parents who are serious about saving to meet multiple future goals. We will work together to set interim goals and evaluate your progress.
I am a big believer in saving for college, but I understand that it can be a confusing process. I hope the below video covers some questions you might have about 529 College Savings Plans.
Recommendations for Parents:
This website has lots of great financial games for kids of all ages. Try Financial Football; it’s a favorite in my house.