When you start saving $200 per month for your baby who is less than 1 yr old and the savings accumulate with return of at least 6%, guaranteed at 4% the money owned by you doubles every 12 years. This will show your child how money compounds and savings taken via EFT can build towards college, emergency and retirement funds. These funds are inside a permanent life insurance (whole life or UL) that accumulates tax free and can be used via a loan, without the need to repay.
Many parents struggle to think about college plans. We know that there are city colleges for affordable tuition during the first three years of college. But then, when we see our children struggling to be working student, we shed our tears like me when I saw my 18 yr old daughter cleaning the cup cake store where she works.
My son wished to be a full time student but understands to be a working student to help our family financially.
Would it be a saving grace to start saving early? The savings under a permanent life insurance is owned by you and can also be used toward your retirement and increases your estate.
Contact Connie Dello Buono, 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621 in 50 US states.