Paying for college has become increasingly challenging due to rising costs, particularly for blended families. But no matter your situation, early planning for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later on. In this episode, we'll cover the key aspects of college financial planning from various perspectives.
Here are the points we discuss in today's show:
0:00 – Intro
1:20 – Where do you start?
7:01 – Cutting down on college expenses
8:17 – Best saving vehicles for college
13:30 – Tax implications when gifting college funds
15:30 – The blended family factor
19:16 – Retirement considerations
Get additional financial information: https://sephtonfinancial.com/podcasts/
Check out the video version of the podcast: Sephton Financial - YouTube
