College Funding
Sending your children or grandchildren to college is an expensive proposition. The average cost of a public school education in 2008 was $14,333, and the average cost of a private school education was $34,132. The cost of college has increased at 6.69% over the past 25 years, more than doubling the inflation rate over that time. Source: "Measuring Up 2008," the National Center for Public Policy and Higher Education.
At Modus Advisors, we believe that a college education is one of the greatest investments you can make. Proper planning and utilization of the right investment plans can help make meeting this financial goal attainable, while allowing you to continue to work towards the other goals that are important to you.
We start by projecting the future cost of college for your individual situation. Regular investment plans are recommended that meet your budget. 529 plans, Education IRAs, and personal investments are reviewed to develop the strategy that makes the most sense for you.