Start saving early and increase your potential to have enough money when your child needs it. However, it's not too late to save for a teenager. There are time-tested strategies to help save for college and your financial adviser is ready to share them with you.
It's likely that your child's college education will be a financial priority—but don't lose sight of your retirement. Consider contributing to your employer-sponsored retirement plan and investing in mutual funds through an IRA for you and your spouse.
Amy's story is a hypothetical situation.
It's great to start saving early for a child's college education, but don't be discouraged if your child is older. Talk to your financial adviser about accelerated giving that allows you to gift five years of contributions at one time.
Discover more about our 529 college savings plan now.
Do you know what the most popular investment goals for all mutual funds investors are? According to the Investment Company Institute (ICI), a national association of investmentom cpanies, retirement planning is first and college savings is in the number two position.*
If this sounds like your situation, you're clearly not alone. Use our calculators to make sure you are on track.
Choose from a wide range of options to match your goals, timeframe and comfort level with investment risk.
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