Paying for college without spending your life’s savings is one of the biggest challenges faced by families today.
The traditional ways of paying for college, such as 529 college savings plans, UGMAs, UTMAs, and student loans all have serious drawbacks. So we put together a video that reveals:
- Seven important questions to ask yourself when choosing between college saving methods plus a chart that compares them side-by-side
- A better way to save and pay for a college education for your kids or grandkids – or for yourself – one you probably aren’t hearing about
- How the Bank On Yourself method can double as a safe college savings plan AND a way to provide you a guaranteed income in retirement that can last as long as you do
This video is a little longer than others we’ve done (it’s 10 minutes) because this is a critical topic and making the wrong decisions can drag down your financial picture for decades. A full transcript of the video can be found below as well. Enjoy and let us know what you think in the comments box below!
Bank on Yourself: A Better Way to Save and Pay for College
Watch this video to learn how a specially designed dividend-paying whole life insurance policy from a Bank on Yourself Authorized Advisor may be the safest and best way to save for college tuition to meet the rising costs of education.
Here’s the full text of the video…
The Boomerang Generation”
That’s what many experts are calling today’s crop of young adults.
All too often they go off to college, they graduate, then they return home, sometimes for years. Blame it on the cost of college.
[Read more…] “A Better Way to Save and Pay for College”