What is a college savings plan?

This is a college savings plan strategy typically used by high-net-worth families to provide tax-advantaged savings for multiple goals, including higher education, according to Bryan Bentley, a financial advisor with Talon Wealth Management based out of Roseville, California.

How do I save for my Child's College?

The key phrase is Y.E.S.: (Y) YOU: You have to make sure your own financial house is in order before you try to save for your child's college. If you can't make rent, or buy groceries, there are bigger issues to fix first.

Should you put money into a college savings plan?

If you are a new parent or your kids are young, you'll want to do one thing right now: Start putting money into a college savings plan. Having a college fund for kids is generally a surefire way to help transition your children to a successful adulthood. And college, as we all know, isn’t cheap.