Kyle Andersen: May 23, 2019

Tips & Techniques to Save for College

MORE THAN ONE-THIRD OF AMERICAN PARENTS DON’T SAVE ANYTHING FOR FUTURE EDUCATION EXPENSES – FIND OUT HOW TO START

Kyle Andersen

Principal in Client Strategies – Edward Jones

               

 

A recent study by financial services firm Edward Jones found that the number of Americans who do not recognize a 529 plan as an education savings tool has risen to 67% — a five percentage point increase from 2012, the year the survey was first commissioned. Of those who correctly identified a 529 plan as an education savings plan, almost half (48%) were unaware that it can be used to pay for qualified K-12 tuition expenses; 50% of parents with children in the household under the age of 18 said the same.

When it comes to prioritization of five financial goals, Americans across generations noted preparing for retirement as the most important (30%), followed by preparing for the unexpected (24%), living in retirement (21%), paying for education (8%) and planning for their estate or inheritance (5%). But interestingly, parents with children under the age of 18 reported preparing for the unexpected as their main financial priority (38%) compared to only 8% who ranked paying for education in the top spot.

As part of their ongoing effort to raise awareness for 529 plans and college savings techniques, Edward Jones branches across the country are recognizing May 29 (5/29) as “Save for Education Day” – a firm-wide holiday derived from the name of the popular college savings tool. Branches will be hosting events in their communities to remind families about the importance of setting education savings goals.  Families are encouraged to visit their local branches to learn more about planning for their children’s educational future.

On Thursday, May 23rd, financial expert Kyle Andersen is available to you and your listeners to offer tips on saving for your children’s education and learn more about 529 college savings plans.

For more information please visit www.edwardjones.com

 

MORE ABOUT KYLE ANDERSEN:

Kyle Andersen serves as a principal in Client Strategies Group with responsibility for Managed Investments, which includes mutual funds, exchange traded funds, separately managed accounts, unit trusts and 529 Plans. Before assuming this role in 2017, he led Area 7 within Branch and Region Development, working with branch leadership teams located predominately throughout the upper Midwest.

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