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When children are asked the question “What do you want to be when you grow up?” they often come up with some ambitious answers – astronaut, professional athlete, even president. As a parent, you want to make sure nothing stands in your child’s way – especially the ability to pay for college. But with the rising costs, it can be hard to know where to start.
By doing some homework of your own, you and your financial advisor can put together a strategy to meet your education savings goals and balance these with your other goals, like retirement.
After you determine your role in providing for education, you and your financial advisor can talk about how much you need to save to help get you there.