College Days (19-21 Years)

When your child starts attending a college or university, a money market account with checkwriting privileges will help you earn a more competitive rate of return than a bank savings account, plus allow you to pay those tuition bills easily.

If your investment plans come up short, you can also tap into a Roth IRA to pay for qualified higher education expenses, without incurring taxes or penalties. You may only withdraw an amount up to the total cost of the higher education expense incurred.

Contact a Professional Financial Representative
After you have estimated your child's future college expenses, developed an investment plan, and selected the type of account, it is time to choose the investments. This is an important step, regardless of the investment objective. A professional financial representative can help you navigate through the options, and set up an investment account that best fits your style and your goals. Call your financial advisor or planner for assistance today.

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