September 25, 2013
Tip # 24: Increase the chances of attending college
Opening a 529 account will increase your chances of attending college. According to research, students who have a college savings account in their name are six times more likely to attend a four-year college compared to children with no dedicated college savings account.
Tip #25: Choose the investment strategy that works best for youChoose the investment strategy that works best for you. The most common investment option is the age-based allocation strategy in which the age of the beneficiary determines the specific mix of investments. As the child ages, your investment mix is automatically reallocated and becomes more conservative as the beneficiary approaches college.