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Pros and cons of using non-college accounts for college savings

Pros and cons of using non-college accounts for college savings

Saving for college can be one of the more daunting tasks parents face. Besides how much to save, you need to choose where to put those savings. Most families’ key considerations include: 1. Taxes: How can I reduce taxes to save more for college? 2. Risk: How do I invest my child’s college savings properly? 3. Flexibility: Will I be able to use the money for something else if my child doesn’t go to college? 4. Financial aid: How will saving affect scholarships, grants, and loans? Read more : blog.massmutual.com/post/noncollege-a…

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