View Area Listings
4550 W. Tilghman Street | Allentown, PA 18104
Phone: 610-398-8111 1471 | Office Phone: 610-398-8111 | Fax: 267-354-6254
< Back to My Blog
August 23, 2017 2:00 am
Whether your child is five or fifteen, saving for their future is important. It's never too early to start squirreling away money for tuition. To help, MassMutual offers the following five tips for families planning and saving for college:
Start early. Start saving what you can at birth. Little monthly or annual savings really add up over 18 years.
Make it automatic. Consider automating checking account or payroll deductions to interest-earning savings accounts specifically designed for higher education, such as a 529 savings plan.
Encourage monetary gifts (including 529 plan gift cards) from family members and friends for college savings plans for gift-giving events. Prior to your child's birthday and holidays, remind loved ones that the best gift they can give is the gift of a strong future.
Know how much you need to save. Determine how much you need to save using free online tools such as MassMutual's college savings calculator.
Protect your loved ones for unexpected events. In addition to saving for school, life and disability income insurance are solid considerations for parents with children.
Published with permission from RISMedia.
Copyright© 2018 by eWebEngine - A Division of Lone Wolf Real Estate Technologies
Each RE/MAX office is independently owned and operated
RE/MAX 440, PA