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Life Planning Center > Paying For College
Developing a Funding Strategy
  • Pre-Funding the Cost
  • Your Pre-Funding Strategy Depends upon where You Are Now
  • Monthly Investment Program
  • Your Investment Objective
  • Understand Risk
  • Basic Strategies
  • How Is Investing for College Different from Other Investing?

How Is Investing for College Different from Other Investing?

It is not. Any investment program, for any purpose, needs to consider rate of return, risk, and when you will need the money. For college investing, when your child is young, you have a long-term investment horizon. When your child is 16 and getting close to going to school (you will need the money soon to pay tuition), you need to reduce your investment risk and move your investments to cash or other short-term investments.

  • Connect with a Financial Consultant

This is not much different from saving for retirement—or saving for a house. The process is the same. What is your goal? How much do you have to work with? When will you need the money? Remember to always focus on when you will need the money; that will help you decide which investment vehicles to consider.

Develop a specific action plan for your college investment program. Remember to:

  1. Determine how much you need to invest or how much you can afford to invest on a monthly basis.
  2. Think about your willingness to invest in growth investments. This may be one good way to keep your investment rate of return ahead of inflation.

Whatever investment vehicle you select, invest regularly—monthly or quarterly. Most companies let you set up an automatic monthly investment program in which a fixed dollar amount is transferred from your bank account into the investment.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:

Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value

*The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.



Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.

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