I have a 9-year-old kid and I wanted to start saving for college since most of the people I know said the younger the kid, the premium is cheaper. Can anyone confirm it? TIA
Not sure what premium you are talking about. An annuity? In investing for college, you can have growth in the younger years, moving toward much more conservative investments as your child nears college, since you will not have time to make up for any losses. With a graduating senior, our DS’s college money is in a money market account. Some states have guaranteed tuition plans that are worth investigating.