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Why Save?
Why Save?
College expenses typically rise faster than inflation. That means students will need to start saving as soon as possible to better prepare for this future expense. Based on the College Board, college costs have increased by 6.4% annually in 2009. How much will college be when these students start college?
Use the form below to find out your estimate. Simply enter these students' age and what college type you expect them to attend.
*Estimated costs are based on recent college costs and inflation rates per the College Board.Testimonials
Back to school shopping at Office Depot was great! I ordered everything online and picked it up in the store the same day. And I added to my kids' college fund too!
— Alexis N, Mother of 3, New MexicoI'm so excited I get to start planning for my son's finances now. By the time he's in college, he'll have a nice chunk of change to help him with tuition.
— Brian S, Father of a 2 year old boy, MarylandMy daughter is learning work ethic, investing, and the value of a dollar. I'm so proud!
— Elaine G, Mother of a 14 year old girl, New YorkIt's so easy recommending stores to family and friends. I like it when I can send them a coupon to help them save money too!
— Julia H, CaliforniaWorking at Kid IRAŽ has allowed me to start earning and saving early. I can't wait to be a millionaire!
— Ricky L, CaliforniaThere's never been an easier way to give to my nieces and nephews. And it doesn't cost me anything extra!
— Ronald U, FloridaThe best part is seeing how these kids are learning to manage their money. I'm so glad I can say that I'm playing a role in their lives.
— Bella K, Arizona
What Others Are Saying
Ten Cool Companies of 2010
KidIRA takes it further, giving parents (and other "supporters") an opportunity to save for a child using a tax-advantaged Roth IRA as the savings vehicle instead of a 529 plan...Im all for more Roths for kids. It seems to be a too well-kept secret that kids can have Roths.
- Upside of MoneyIRAs for Kids?
Not only will modest contributions add up to significant savings...but it's also a way to teach your child an invaluable lesson - one he or she isn't likely to learn in school.
- Smart MoneyIRAs for Kids
It will only take a few seconds for you to realize how powerful this can be for your child's investing and financial future.
- Motley FoolStart your kids on the Roth road
...a Roth IRA offers the greatest opportunity for growth because the money grows tax-free. Kids don't need the deferred taxes feature of a traditional IRA because they're probably not paying taxes.
- Bankrate.comWhy Your Kids Need a Roth IRA
Looking for the perfect gift for your children? Open a Roth for them, and start them on the road to retirement security.
- Kiplinger
