Saving for College: Understanding the Different Options and Strategies

In this episode of the iWealth podcast, the hosts discuss the importance of saving for college education for children. They recommend that parents get on the same page with their spouse on whether they want to pay for college education or not, and if yes, to explore different savings options such as the 529 plan, gifts, or life insurance. Brad Connors also suggest that parents consider encouraging their children to work in their business to earn income and save for their college education. Additionally, they touch on the rising cost of college education and the increasing demand for trade schools. Overall, the hosts recommend that parents seek professional advice and start saving for their children's education as early as possible. iWealth SUBSCRIBE Education is first! At iWealth we pride ourselves on helping people make smart decisions when it comes to money. You know how to make money, but do you know how to keep it? Invest it? Manage it so that it works for you? iWealth provides practical thinking tools and structures which will help you achieve your biggest goals and enjoy an unparalleled quality of life. ►Please take a moment to comment and let us know what you thought of this video. Want to learn more about how iWealth can help you feel confident about your financial future? Schedule a complementary 30-minute discovery call to get clear on your financial goals, what might be standing in your way, and if iWealth is a good fit for you. Click here to book your call today: https://go.oncehub.com/BradConnors ►For more educational tips and wisdom from iWealth: YouTube: https://www.youtube.com/user/iWealthT... Facebook: https://www.facebook.com/iWealth4me LinkedIn: https://www.linkedin.com/in/bradconnors/ Podcast: https://anchor.fm/iwealth Twitter: https://twitter.com/iWealth4me Book: https://fishdontclap.com/#home Websites: https://iwealthpcg.com/ or https://iwealth4me.com/ Amazon: https://www.amazon.com/Fish-Dont-Clap... Business Mission Statement · iWealth was created to help you manage risk while you invest wisely and live well. · We believe in the “golden rule” of treating others how we would want to be treated. We believe in helping our clients not run out of money, manage risk and transfer wealth to who they feel appropriate. · We serve individuals and small businesses that are looking for clarity when it comes to their personal financial situations. People who need to find a team they can trust with integrity and transparency. · We consistently do an excellent job of serving others for the greater good of society. We believe we were put here to educate and protect family’s wealth. · Our clients expect a highly customizable service with our firm. We help them understand exactly where they are, where they are headed and how to get there. This will be done by following our unique process called “iPath”TM that our research has shown valuable to our clients and their families. For more information, call 507-835-9111 or email [email protected]