Phone Number: 763-639-0868

Wednesday, November 21, 2018

College for the kids

There are several ways to invest for college, yet there is one widely held view: It's recommended that you start saving for your child's college education as early as possible, preferably with regular, manageable contributions that increase over time.

What if your child is only a couple of years away from college? Your emphasis then won't be on a savings program so much as it will be on what assets, if any, you might use for college expenses. Do you have retirement accounts? A cash value life insurance policy? Home equity? These are all sources of potential cash.

Finally, if you expect to qualify for financial aid, you should familiarize yourself with the financial aid process before your child starts college. It's often a good idea to do a dry run through the federal financial aid application. This will help you estimate how much money your family will be required to pay toward college costs each year before any financial aid is forthcoming.

Plan to enjoy retirement

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Advisory Services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Advisor. Securities offered through ProEquities, Inc., a Registered Broker/Dealer, and member FINRA and SIPC.  Conneran Financial is Independent of ProEquities, Inc.

Please be advised that presently Thomas Conneran holds series 6, 7, 63 and 65 licenses in CA, CT, DC, MD, MN, MT, ND, TX, VA, and WI. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by representatives before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal.