College Funding Strategies
How can you manage to send your kids to the college of their choice without raiding your retirement nest egg or heading to the poor house?
The current costs:
Public School: About $8,000 per year.
Private School: About $15,000 per year.
In order to have college fully funded by the time your child starts college, you would need to either deposit about $110,000 the day your child is born, or save approximately $1,035 per month for the first 18 years of your child’s life. The investment would need to grow at a rate of return of 8 percent every year (not very likely), and the stock market could not correct itself. At a 6 percent rate of return, you would need to contribute $1,250 each month to reach this goal. Very few families are able to save enough money to reach this goal in time. Learn how you can increase your chances of success. Order your Copy of Ivy Wealth Secrets Today!
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