From the Desk of Eugene W. Harris
www.HarrisWealthManagement.com has been created in order to provide you with easy access to convenient and up-to-date information concerning your investments and Eugene W. Harris & Company. I hope that the information provided will help you learn more about Eugene W. Harris & Company and your own financial needs and goals.
Each quarter I will post a fresh newsletter concerning important investment topics. The purpose of the newletters is to keep you abreast of the latest wealth management changes and trends. This quarter, the focus is on preparing for the increasing costs of higher education in a way that is customized to fit your financial goals.
PREPARING FOR THE INCREASING COSTS OF HIGHER EDUCATION
The cost of higher education is currently outpacing inflation. The College Board estimates college costs grew at a rate of 9.8 percent at four-year public colleges and universities and at an average of 5.7 percent at private four-year colleges and universities for the 2004-2005 school year. At the current rate of college inflation, parents of newborns can expect average 4-year college expenses ranging from $115,396 for (on-campus) public colleges to $221,562 for (on-campus) private colleges.
With the escalating cost of higher education, it becomes critical to plan ahead in order to send your children to the college of their choice. There are several options available to help fund your child’s college expenses. Three options include 529 Plans, Educational IRAs and Custodial Accounts, which can be established to help prepare families for the increasing cost of higher education.
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MSNBC - http://www.msnbc.msn.com
Investments and advisory services offered through representatives of Lincoln Financial Securities Corporation, Member SIPC. Branch Office: 250 State Street, Suite B-1, North Haven, CT 06473. Advisory services offered to residents of CT. Investments offered to residents of CA, CT, FL, GA, MA, MI, NC, NH, NJ, NV, NY, OH, PA, RI & VA. In CA, insurance may be offered through LFS Marketing & Insurance Sales Corporation. In NY, insurance may be offered through LFS Marketing & Insurance Agency Corporation. Lincoln Financial Securities Corporation and Harris Wealth Management are not affiliated. LFS and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances. LFS-1373538-121515
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