50s & 60s Risk: Saving for College

With the cost of tuition rising 5% per year on average, the average cost of tuition and fees at a four-year in-state college today is 38,300 and projected to be 92,200 in 18 years (enrolling in 2013) (www.collegeboard.com). This can be very daunting for those parents who want to help fund their children’s future education. However, college savings plans have been a great help to many families who would like to help in the future education of their children.

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