MoneyWise Activities and Tools
Strategies for Saving

Once you’ve chosen an account, it’s time to put money into it. In other words, it’s time to start saving and investing.

The Schwab Center for Investment Research®, a division of Charles Schwab & Co., Inc., has published a series of articles that explains how to make the most of your college saving. Read "Saving for College: Strategies for Success" for advice on:
  • Determining how much you need to save.
  • Designing and implementing an investment strategy to meet your timing and budget.

 

Don’t neglect your retirement savings to fund your child’s college education. There are other ways to pay for college, such as loans, scholarships and financial aid. But you’ll have a hard time convincing a bank to give you a retirement loan. For more information, read “The Parent Trap: College vs. Retirement.”

 

How Much Do You Need to Save For College?

Use this handy calculator to find out how much you’ll need to save in the years to come.

 

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of savings and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction or strategy for his or her own particular situation. The examples mentioned are for informational purposes only and are not intended to represent results you should expect in the future. Data contained here is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.