The 10-year average inflation rate for college tuition is right around 5%, according to Savingforcollege.com. This 5% might not sound like much, but if you carry on that average for 18 years, you end up with a very expensive education for one child.
It is really important to look into college planning for your children in addition to your retirement, Medicare, Social Security, and all of the other financial moving parts most people experience in their lifetime. The hosts, John McCann and Michael Clark take great pride in incorporating college planning in their practice to better help people just like you. That is why this radio show was created—to cut through the noise and nonsense about money and give you the tools you need to build wealth, invest for the future, and put a plan in place.
Quote of the day: “You’re off to Great Places! Today is your day! Your mountain is waiting, So… get on your way!” – Dr. Seuss
Need to find something from today’s show? We have you covered down to the minute!
- Apple Hits $1 Trillion – 3 Min
- Social Security and how it is calculated – 20 Min
- Back to school: saving for minor’s school – 26 Min
- Question: have a 529 plan but the child doesn’t go to college. Then what? – 35 Min
The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Michael Clark and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Information provided is not approved or endorsed by the Florida Retirement System.