Routes to finance
Torsten Tiedt: How to choose the right share – Investor Club Special (January 2020).
As a parent, choosing the right college savings account can be overwhelming. There are several options, all with unique sets of complex rules. Knowing where to start can be difficult at all, but making the right choice when your child is young will save you a lot of fear when it comes to applying for financial help and looking for scholarships. The right type of college savings account can often be revealed by a few simple questions:
Question 1: What do you prefer – a safe but lower return, or something that can grow faster but could involve potential losses?
When it comes to your security, find out if your state offers a Section 529 prepaid curriculum. These plans allow you to earn tuition fees in today’s dollars and are guaranteed by the issuing state to provide you with an equivalent tuition fee in the future. These plans are unlikely to outperform the stock market, but you can find comfort in the fact that your money is safe.