Many people ask, “what is the best investment”. Our answer is always, “continue to educate yourself”. Statistics are overwhelming that a college education gives most individuals a better chance at earning a higher income over their lifetime.
College Saving 529 plans are a great way to set aside money for a kid’s future. Give them a better shot at winning in life.
One type of 529 plan is a prepaid plan where you are buying tuition credits at today’s rates. This is done directly with the state you live in. These plans are typically better for colleges or universities in the state you live.
When you work with a licensed financial representative they usually help you set up a 529 plan that has investments that you chose and can change. These plans have investment risk because the money is tied to the stock and bond market. However, you have more control and more flexibility if your children attend a college or university outside of the state you live.
“What is the best investment is a question often asked. Our response is in educating yourself. Learning doesn’t stop after high school, it is just beginning.”
John Gotschall