Don't Let Clients Fumble College Funding

Crane, Amy Buttell
November 2007
Journal of Financial Planning;Nov/Dec2007 Supplement, p6
Academic Journal
The article discusses the challenges to financial planners of helping people save for their childrens' or grandchildrens' college educations. Several factors make it more difficult than retirement planning, including changing tax laws and the unknown future cost of college. Certain guidelines are helpful. Realize that no one savings strategy will be suitable for all clients. Be careful about how much a person saves, as too little savings won't help much, and too large a college fund could disqualify one for financial aid. Saving for retirement should take precedence over saving for college.


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