The Cost of Waiting to Save for College
When your child is still learning how to crawl, it can seem absurd to imagine him or her moving out and starting college. Nevertheless, the power of compounding along with a higher capacity for risk the further your child is from college mean that now is the time to start investing for your child’s college education.
Use this graph to see how much more you’re able to sock away for college by starting early, assuming you make an initial contribution of $5,000 and monthly contributions of $200.
Interested in investing in your child's future? Contact your Omega Wealth Partners, Inc advisor today to talk about your options for saving for college—whilte time is still on your side.