Winning the College Savings Race
Is paying for college in your future? The sooner you begin setting money aside, the better your chances of covering the associated costs without having to take out substantial loans. This applies no matter what stage of life you're in-future parent, parent of young children, parent of adolescents, or even grandparent. You also can boost your chances of winning the college savings race by planning now to take advantage of tax-preferred investment vehicles such as 529 Plans, Coverdell Accounts (ESAs) and Roth IRAs.
New insights from Prudential explain how these investment vehicles work and provide details on additional tactics - including some that receive little public attention - parents and grandparents can use to make funding college a little easier.
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