A college acceptance letter can turn years of general saving into a very specific sequence of bills. Tuition, housing, books, transportation, and family contributions suddenly have dates attached to them, and the instinct to make everything work can put pressure on money intended for retirement or other long-term goals.
College funding works better when the family first decides what it intends to contribute and how that commitment fits beside the rest of the financial plan. John Mateyko is a Fiduciary Financial Planner and Managing Partner at IDEX Financial, where College Plans are included among the firm’s financial-planning services.
