Education costs are rising quickly. Instruments such as 529s, Coverdell accounts, Roth IRAs and pre-paid education plans are alternate ways to build resources that will pay for your children’s college and private K-12.

Depending on the goals you have in this particular area, we run calculations on what your costs will be and how much you need to save. Then we recommend the most appropriate vehicle to invest in for educational purposes. Remember, you can take a loan out for college, but you cannot take one out for your own financial independence. So it is important to retain a balance in savings.