College investors have control over the decisions that matter most
COVID-19 and the actions to contain it have left us all feeling less in charge of everything from work and school, to shopping and socializing.
Take control of college investment planning
While some aspects of college also remain beyond our control in these days of virtual classes and campus restrictions, the three most important are always within our grasp.
The key is to create and consistently follow a plan focused on future costs, financial aid and the investments needed to reach your goal.
- Sallie Mae, How America Saves for College, 2018. Based on assets in 529 plans.
- Scholarship America, July 2020.
- ISS Market Intelligence, 529 College Savings Quarterly Data Update, 2Q 2020.
For more information
To learn more about college planning and 529 college savings plans:
- Consult your financial professional
- Visit www.ny529advisor.com
- Call 1-800-774-2108
Before you invest, consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's qualified tuition program.
Market Risk. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions. The value of Investments may be negatively affected by the occurrence of global events such as war, terrorism, environmental disasters, natural disasters or events, country instability, and infectious disease epidemics or pandemics. For example, the outbreak of COVID-19, a novel coronavirus disease, has negatively affected economies, markets and individual companies throughout the world. The effects of this pandemic to public health and business and market conditions, including exchange trading suspensions and closures may continue to have a significant negative impact on investments.
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