RSI Corporate - Licensing

Use the ‘2K rule’ to save for your kid’s college education

CNBC – Tom Anderson

“Saving for your child’s college education can seem like an impossible goal. Unlike with retirement savings, few clear guidelines exist. College costs vary widely depending on where your child goes to school and whether they qualify for financial aid. Fidelity Investments has tried to clarify college savings with a new rule of thumb: Multiple your child’s age by $2,000 to stay on track to cover half the average cost of a four-year, public university.”(more)

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