As parents, you will always want to give the best to your children. How do you ensure that they can reach their highest potential? How do you plan for this purpose without compromising on your retirement goal?
With spiraling education costs, the importance of early planning is thus critical to ensure that your child’s education funding is met in the desired time frame. A lot of time is needed to accumulate the money needed, especially for a foreign university education.
Depending on your risk appetite and financial astuteness, there are 3 ways to acquire this goal.
- Invest in a global diversified unit trust portfolio
- Stick to endowment plans which guarantees the cash payout
- A combination of unit trust investments and an endowment plan
