Best Financial Advisors in Halton Hills, ON

Sometimes, it can feel like you have to open up an RESP plan the minute your kid is born. However, that’s just not the case. You actually don’t have to save for your kid’s college at all! Your love for your kid is in no way determined by how much you invest for them into their education. However, if being able to provide your child with the gift of education is important to you, I’d suggest you start planning sooner than later.n✨nDon’t get me wrong, helping your kids to get through post secondary is a really nice gesture, if you’re able to, but it’s crucial to make sure that your own retirement is already being funded before you start socking away tuition money for them. It doesn’t have to be all or nothing.n✨nThere are plenty of ways to lower the costs, like scholarships, staying local or college vs University. However, there aren’t scholarships for retirement! Again, that’s why it’s important to sit down with a PRO and put together your list of financial priorities.n✨nThere’s also no guarantee that your kid will even want to go to college! More and more young people these days are opting to go to trade school, start businesses, or even just start working in a field they enjoy right after high school. That still doesn’t mean we shouldn’t plan for it regardless. Remember, there’s free money here available to us with the right advice that we can take advantage of. n✨nOn a plane, if the oxygen masks drop down, the first thing you need to do is put on your own mask before helping others. Don’t put the cart before the horse. Focus on saving for your own retirement first. If not, your kids might graduate without student loans, but they’ll feel the pain later on when they have to financially support you in those later years.nn#education #educationmatters #giftofeducation...