Saving for your children's education requires a long-term plan. And just like saving for retirement, the earlier you start your plan the better, where compound interest can be most advantageous. Use this calculator to see different scenarios or help develop and fine-tune your current education savings plan. To get started, enter your savings and contributions for each child. You can also estimate or keep the default settings for Education Inflation and Rate of Return, then click the "View Report" for a detailed look at the results.
There is no one-size-fits-all plan, see some common guidelines and benchmarks.
A financial planner can be a valuable resource to help you with your financial goals.
This strategy can be beneficial in the short-term, but it’s important to work with a financial advisor to reach your financial goals.
A financial plan is a roadmap for your financial life. A solid financial plan could keep you on the right track designed to match your goals.
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