TOP 5 QUESTIONS PARENTS ASK ABOUT COLLEGE SAVINGS. PART 2

How much can I invest?

It is never to early.  If you plan to open your college fund with $2,000 or less, go with an Education Savings Account (ESA). 

You can contribute up to $2,000 per year per child in an ESA.  If you want to save more, or if the child’s parents make more than $200,000 per year, a 529 has no annual contribution limit or income restrictions.

Continue to show the kids the importance of hardwork and being trusted with the little things.  So later in life they will be trusted with the big things like paying for their college to chase a dream of being a doctor, lawyer or teacher.  Not that college is for everyone, but it might be for your child.

Start now.


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