Course 210: How to Invest for College
What You'll Need
In this course
1 Introduction
2 What You'll Need
3 Choosing a College-Saving Plan
4 Education Savings Account
5 Section 529 Plans
6 State Prepaid Education Plans
7 Traditional IRAs
8 Roth IRAs
9 Uniform Gifts to Minors Act
10 Turn Tame When the Time Is Right

The first thing you need to do is take a deep breath and determine what college will actually cost.

Review Portfolio 102, which discusses in detail how to calculate the cost of your goals. Whether you're saving for retirement, for a home, or for your child's education, goal setting comes down to answeringa fewkey questions:

  • How much will the goal cost each year?
  • How many years will you be tapping into this portfolio to pay for the goal?
  • What will the total cost of the goal be?
  • What will inflation do to that total cost?

Next, you need to figure out what asset mix will get you to that goal. If you have not taken Portfolio 105: Determining Your Asset Mix, you may want to take a few moments to do so now.

Now you know what your goal will cost and what your asset mix should be. Next, you need to choose the best college-saving plan for your situation.

Next: Choosing a College-Saving Plan >>


Search
Print Lesson |Feedback
Del.icio.us Del.icio.us | Digg! digg it
Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores.
Copyright 2015 Morningstar, Inc. All rights reserved. Please read our Privacy Policy.
If you have questions or comments please contact Morningstar.