Life Events

College Education Planning

Whether they want to be an astronaut, a doctor or a lawyer, parents are always encouraging their kids to reach for the stars and aspire to be all they can be. Wouldn't it be great if parents could actually help make their child's dreams come true? It's possible, but not always easy.

As college tuition continues to rise, parents are concerned about the cost of higher education and how they are going to pay for it. That's why parents need to plan ahead for their child's future. After all, kids grow up fast. One day they're learning the ABC's and, in a blink of an eye, they're packing up for college. Statistics show that tuition costs are growing almost as fast as your kids are, more than tripling in the past 20 years.

Ensuring that your child gets the best possible education is vital for their success in life. However, you don't have to sacrifice your retirement in order to put your child through college. Many parents find themselves having to choose between their child's education and their financial freedom. The truth is, your children have more sources to finance for college than you do for your golden years. The key is to find the right investment strategy that will suit all your family's needs.

At PNWFCU, we are here to answer all your questions and give you an honest assessment of your options. While there are many ways to pay for college, a solid college savings plan may be the best choice for you. We offer both the 529 Savings Plan and the Coverdell Education Savings Plan. To schedule an appointment for a complimentary consultation with Aaron Brown, our registered CFS Financial Advisor, email today. During your appointment, Aaron can help you identify your specific goals, your risk tolerance level and your time frame. Once these areas have been identified, he will work with you to develop the right plan for your child's future.

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