Education Planning
When should you start planning
for a child's college education? Ideally, as soon as the child is born.
The cost of four years at a private college or university currently is
increasing faster than our inflation rate. Don't become alarmed if you
haven't started planning for your child's college education. No matter
what the  child's
age, strategies are available to help you come up with the necessary funds.
You can use the our Education
Planning Calculator to estimate what how much is needed for your child's
education and how much money you should be investing now to be able to
meet those needs.
For young children, start putting
money away regularly now, investing in higher-potential-growth securities
and mutual funds as you would for other long-term goals, such as retirement.
As your income increases, try to increase the amount you're investing.
When a child reaches high school age, you'll probably want to begin moving
college investments into lesser-risk investments.
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