College Funds: Sorting Out the Options

The following video is part of our "Motley Fool Investing Basics" series, in which Motley Fool contributor and financial planner Dan Caplinger discusses topics from around the investment world.

Today, Dan looks at the many ways that parents can save money toward their children's education. With student loan debt potentially becoming the next big financial crisis, any saving parents can do will help their children. Dan goes through many different options for college saving, including custodial accounts, Coverdell Education Savings Accounts, and 529 plans, giving the pros and cons of each. He notes that a mix of these options, along with simply earmarking money in your own regular accounts for college expenses, can help you prepare for the cost of education. Dan concludes that the sooner you start, the better off you are.

Saving for a child's college education is important, but you shouldn't neglect your own retirement savings. In our free report "3 Stocks That Will Help You Retire Rich," we reveal some stocks that could help you as well as some winning wealth-building strategies. Click here to keep reading.

Fool contributor Dan Caplinger has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 1921381, ~/Articles/ArticleHandler.aspx, 4/19/2014 8:39:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement