Juggling savings for different goals can also be difficult. Education may be the one steep price tag you are dreading, especially when you’re most likely also planning for retirement. The advisors at Wise Wealth can help ease the overwhelming feeling of incoming tuition bills by helping you devise a retirement plan that also takes education planning into account.
There are many sources of funds that should be considered for education planning. Taking advantage of these resources is one way to help alleviate the stress of education funding. Some of these include:
- Student loans
- Investment vehicles such as Roth IRAs and state college savings (529) plans
- Financial aid
Starting to plan now rather than later can help you fund both your children’s education and your own retirement.