What are most physicians doing about college?

Physician Family Financial Advisors Podcast

What was once a privilege in the past, college seems more like a necessity in today’s society. And a plan to save for college takes discipline, however, it is a worthwhile investment. So, how should physicians prepare to pay for college? Realistically, how much does college cost? What types of accounts are best for saving for education and should physicians expect their child to pay their way through college? Tune in to make sure you don’t miss out on a big college tax savings break, it could save you thousands!

ASK A QUESTION

Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to [e-mail] or call the Physician Family Answer Line at [phone].

IN THIS EPISODE

• [00:50] What are most physicians doing to prepare for college today?
• [04:25] Why it is not realistic to expect a college student to fully pay their way.
• [10:55] The average amount college costs.
• [17:55] Are UTMA’s a good option for saving for college?
• [21:56] Why a 529 account is a better option for saving for college.
• [28:09] The benefit of merit aid when considering private college.

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.