On this episode of Financial Clarity for Doctors, hosts Rachelle and Corey walk through college savings and education planning. We know the cost of college has been rising, and it can be expensive to send kids to school. The decision for how to pay for school is one many families are trying to make every day.
In this episode, we’ll walk you through some options and ways to pay for college. The most important thing you do before deciding how to pay is to discuss how much you’re even willing to provide towards your child’s college costs.
A few options we’ll discuss
- Saving ahead of time
- Paying out of pocket
- 529 plan
- Coverdell ESA
- Investment account
To wrap up, establish your goals ahead of time and decide where funding college education lands in your priority goals.
For more financial planning tips from Corey and Rachelle, find them on LinkedIn @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance
Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Securities offered through Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.