The ability to make a living is directly dependent on the education we have received and the skills that we are able to offer to the marketplace. Unfortunately, secondary education (high school) does not always equip us with employable skills so they must pursue expensive post-secondary education. These costs are not easily handled by the average family from current household income.
Because this is one of the largest family expenditures, often more than the cost of the family home, it needs careful planning and appropriate saving. This episode will touch on:
- Popular savings vehicles, such as 529 and UTMA Plans
- The impact of taxes on college funding
- Other post-secondary alternatives, like trade schools and the military