Don't Forget the Kids: Save for Their Education and Retirement

Topics:
Accounting software,
Retirement
Tags:
Deduction,
Education,
Investopedia,
Retirement
Source:
Investopedia

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Overview: The vast majority of taxpayers will agree that, regardless of the order of priority, retirement planning and education financing are their two most important financial-planning items. Funding the retirement plans is encouraged by the convenience of contributions through automatic salary deductions and income-tax deductions allowed for some contributions. With the constant rise in cost of living, one will want to make sure that at least a portion of one's children's education expense is covered. One will be happy to know that there are several means of funding education accounts for the children, and there are ways of helping them save for their retirement.

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Format: HTML | Date: Feb 2003 | Pages: 5

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