Introduction to How to Invest for College

With some smart planning, the School of Hard Knocks won’t be the only educational institution your kids will be able to afford.

In this course, we’ll cover how to determine how much you’ll need to invest for college and what the right mix of investments should be, different investment vehicles you can use for college funding, and how to alter your portfolio as the big day draws near.

The first thing you need to do is take a deep breath and determine what college will actually cost. As with setting any goal, first you must answer a few key 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. Once you know what your goal will cost and what your asset mix should be, you need to choose the best college-saving plan for your situation.