Sentences with phrase «future tuition payments»

The Maryland Prepaid College Trust invests your payments to fund your future tuition payments.

Not exact matches

A practical and self - sacrificing mother might also be inclined to put any additional government payment into one of several tax - sheltered savings accounts to get a head start on future tuition.

These dollars can be used in the future for whatever purpose the policy owner desires — to help pay educational tuition, to help make a down payment on a home, or to supplement retirement income if the insurance needs decrease.

Future payments can be scheduled to increase over time to offset inflation or to provide for large expenses like ongoing medical care or a child's tuition.

Each tuition increase means more future income that needs to be set aside for student loan payments instead of saving for the future.

If looking forward to the future, and the ability to pay off college tuition or finance major vacations, it's well worth trying to lower your mortgage payments if possible.

By devoting a fixed lump sum amount or selecting monthly or annual payments, you'll not only put your college savings goals within reach; you can lock in the price of future Tuition now.

With that in mind, these policies can be a good option for situations such as paying off a mortgage, providing funding for child care, making future college tuition payments, debt repayments, and / or paying one's final expenses.

This cash value can be accessed for your child in the future for such things as college tuition or the down payment on a home.

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.

A term life policy can offer a great way to obtain cost - effective coverage that can help loved ones with mortgage payments, payment of debt, ongoing income for living expenses, and / or future college tuition costs in case of the unexpected.

A thorough needs analysis should consider the total amount of your current debts including your home mortgage loan, car payments, student loans, and credit card debt, as well as, your share of future household expenses such as the cost of your children's future college tuition.

Talk to your spouse about future plans, including college tuition payments and what will happen if either of you get remarried.