Sentences with phrase «future tuition bills»

It wouldn't surprise me if some toddlers today face future tuition bills of $ 200,000, which puts increased importance on saving for college now.

Not exact matches

Also, it is worth monitoring a very recent development in Oregon where the state legislature approved a bill that would provide free tuition to state colleges for students who agree to repay the government about three percent of their future earnings over roughly 20 years.

Another method is to add up the total bills, such as credit cards, mortgages, car payments, loans and funeral costs, while also estimating and anticipating future bills (the need for a new car, tuition for your children, inflation etc.) If the goal is to simply replace an income, as might be the case when both spouses are professionals, the estimate should be based on the annual income multiplied by the number of years of income that you want the life insurance to cover.

The most important thing is that a policy should be large enough to pay for the insured person's funeral expenses and outstanding medical bills, take care of outstanding debts, and meet long - term goals such as children's college tuition, says Brad Huffman, a Certified Financial Planner with Future Finances Inc. in Worthington, Ohio.

Not only will saving for future college tuition bills help ensure you can pay for your child's education, but it can help you save on taxes, too.