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Dependants and Education Needs |
Enter dependant and education information. Information modified on this screen will also be modified on the Household Information screen. |
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Annual Cost in Today’s Money |
Enter the annual amount for the university or higher education cost in today’s money. |
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Years of University |
Enter the number of years the dependant will attend university or higher education. Calculations assume the dependant will begin university or college at age 18. |
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% Provided by Client |
Enter the percentage of the total education costs that your client is planning to provide. 100% means they plan to provide for all of the dependent’s education costs. |
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Red “X” button |
Click to remove this line item. |
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“Add” button |
Click to add a new line item. |
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Total Amount |
Enter the current balance of education funds already accumulated for all dependants. |
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Monthly Savings |
Enter the current monthly savings amount for all dependants. |
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Growth Rate |
Enter the average gross (pre-tax) annual rate of return for all education funds. |