A good education is necessary for success in life, and as parents, we want the best for our children. But a balance must be met in between supporting our children to succeed, and actualizing our own financial goals like retirement.
Depending on the number of children you have, it’s likely that paying for children’s college is the most expensive event outside of funding your retirement. There are many decisions to be made – public or private education for your student, in-state or out-of-state, or whether you plan to pay their way, or they take part of the responsibility.
If you are starting a 529 Plan for a newborn, planning for private school education at the elementary or high school level, or in the midst of late-stage College Planning, Sapphire Wealth Planning has services that can aid in navigating the education planning process.