This week on The Lifetime Income Series Jim discusses planning for college with John Loeffler. Jim notes that next to purchasing a home, the cost of a college education will likely be the single largest expense facing most parents. In addition the cost of education has been rising at 7.45% annually, higher than housing or healthcare, so parents and their children need to plan wisely. Jim also looks at future trends in education and how choices are changing. To clarify the issue, Jim offers a case study of the Simpson family. The guest this week is Stan Luxenberg, a freelance writer at TheStreet.com and WealthManagement.com, who will discuss the issue of 529 Plans for educational financing.
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