Education Savings Plans - WallStreet E Online Brokerage

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By: WallStreetE
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Updated: 02-Apr-09
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Added: 05-May-08

If providing a college education for your child or grandchild is a big financial goal of yours, you need a plan — to ensure you’ll have the money when the time comes. One of the best reasons in the world to invest is the future. For many of you – “the future” is the education of your children or grandchildren. But paying for college? It’s a lot like buying a new house…in a pricey neighborhood…with a 10-year mortgage. Start early.
Designate an account for college costs –then invest in it regularly. Build a diversified investment portfolio with the potential to provide growth and safety Lastly – and perhaps most importantly – Take advantage of investment programs specifically designed for education expenses. There are many kinds – some national, some for state colleges – and chances are one of them is going to work for you.