在大学储蓄上领先一步
One study estimates the average cost of raising a child to the age of 17 for a middle-income family is about $310,605. As a point of comparison, the median home price in the U.S. 2023年底是417,700美元吗.1,2
If you want to add the cost of education to that number, 你可能会额外支付24美元,030 a year for the cost of a public four-year in-state university.3
But before you throw your hands up in the air and send junior out looking for a job, you might consider a few strategies to help you prepare for the cost of higher education.
首先，充分利用时间. The time value of money is the concept that the money in your pocket today is worth more than the same amount will be worth tomorrow because it has more earning potential. If you put $100 a month toward your child’s college education, 17年过去了, 你可以省下20美元,400. But that same $100 a month would be worth over $32,000 if it had generated a hypothetical 5-percent annual rate of return. The bottom line is: the earlier you start, the more time you give your money the potential to grow.4
第二，不要惊慌. 每个父母都知道这种感觉——一分钟, 你怀里抱着一个小小的奇迹, 下一个, you’re trying to figure out how to pay for braces, 钢琴课, 还有夏令营. You may feel like saving for college is a pipe dream. But remember, many people get some sort of help in the form of financial aid and scholarships. Although it’s difficult to forecast how much help your student may get in aid and scholarships, these tools can provide a valuable supplement to what you have already saved.
最后，权衡你的选择. There are a number of federally and state-sponsored, tax-advantaged college savings programs available. Some offer prepaid tuition plans, and others offer tax-deferred savings. Many such plans are state-sponsored, so the details will vary from one state to 下一个. A number of private colleges and universities now also offer prepaid tuition plans for their institutions. It pays to do your homework to find the vehicle that may work best for you.5
作为家长, you teach your children to dream big and believe in their ability to overcome any obstacle. 通过明智的投资, you can help tackle the financial obstacles of funding their higher education – and smooth the way for them to pursue their dreams.
1. Investopedia.2023年12月14日
2. StLouisFed.org, 2024
3. 美国大学.com, 2023
4. The rate of return on investments will vary over time, particularly for longer-term investments. 投资s that offer the potential for higher returns also carry a higher degree of risk. 实际结果会有波动. Past performance does not guarantee future results.
5. The tax implications of education savings programs can vary significantly from state to state, and some plans may provide advantages and benefits exclusively for their residents. 请咨询法律或税务专业人士 for specific information regarding your individual situation. Withdrawals from tax-advantaged education savings programs that are not used for education are subject to ordinary income taxes and may be subject to penalties.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by love爱博体育app下载 to provide information on a topic that may be of interest. FMG套房不隶属于命名 broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见和 material provided are for general information, and should not be considered a solicitation for the purchase or 出售任何证券. 版权 love爱博体育app下载.
