At Advisors Earn Good Grade for College Savings…

April 2008
Journal of Financial Planning;Apr2008, Vol. 21 Issue 4, p12
Academic Journal
The article reports on the study conducted by Fidelity Investments' annual College Savings Indicator projects regarding how an average family spend on college education. It revealed the significant role of financial advisors in saving a big percent of family's expense on college. An example is given on the use of tax-advantaged 529 college savings plan where a family can cover 40 percent of college expenses when they are opened through advisors. Fidelity had also found that 42 percent of family's savings are use in general household accounts while only 13 percent are spend in education.


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