Saving for Education
For many parents, college is considered a building block for a successful life.
Unfortunately, the price of a four-year education can seem out of reach. No matter what the age of your child or loved one, it's never too late to start saving.
At Independence Financial Partners, we can help you with personalized strategies that may help lighten the burden of student loan debt for your children. Here are a few things that you can put into place today to help benefit your loved one's college savings plan for years to come.
Start saving from day one.
The sooner you start, the better. You could be paying part of the bill with the interest that your money earns.
Consider automatic investing.
This is an easy-to-implement process in which you have a pre-determined amount of money regularly withdrawn from your checking account. Then, it is automatically invested in your college savings plan. The result is a disciplined and focused approach that can deliver tremendous long-term benefits.
Encourage loved ones to give the gift that keeps on giving.
When family members and friends celebrate your child's birth, subsequent birthdays, holidays, and religious events, tell them about your child's college savings account. Every monetary gift they give will be part of a legacy of learning.
Turn to your parents.
Often, grandparents are the ones who are most aware of how difficult it is for parents to manage the college savings burden alone, especially if more than one child is involved.
The Next Step
To Learn More about a college savings plan for a loved one, call 866-691-4100 or click here to Contact Us.