hi this is shivam.Most parents want to pay for their childrens college education, or at the very least help pay for college. While it would be great for your children to be able to start like after college without student loans to pay off, the cost to parents may be too high.The average annual cost of a 4-year public college is 12,127 (source: The College Boards Annual Survey of Colleges, 2005-2006), with 4-year private schools averaging 29,026 a year. College costs have been outpacing inflation by rising over 5% per year.On the other hand, saving for retirement has become even more important as companies have started freezing or eliminating pension plans, and the future of Social Security continues to be uncertain.
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Savings Account Comparison