6 Best Ways to Save for Your Child’s College Education Costs

You can save for your child’s college education costs in various ways.

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You can start your plan to save for your children’s college education today with one or more of these six methods.

529 Plan These accounts are tax-advantaged, which means that you do not pay any taxes on them as long as the funds are used for qualified education expenses.

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Eligible Savings Bonds Bonds are good for people who would like to grow their money at a slow and steady rate without experiencing huge fluctuations in the market.

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Roth IRA Roth IRAs are typically used for retirement purposes but you can withdraw money for qualified expenses without paying a penalty.

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Custodial 529 Account A custodial account is different from a traditional 529 account because the beneficiary gains access to the funds once they reach legal age.

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Scholarships Your child can apply for scholarships such as Doodle 4 Google or the Junior Duck Stamp Contest when they’re as young as kindergarten.

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SWIPE UP TO SEE THEM ALL!

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