02/03/2021
This line:
"Come to think of it, if your parents started a plan for you 25 years ago, will you also be grateful? ๐"
Read. โฌ๏ธ
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Setting up Retirement Money and Health Care Plan for your kids as early as possible is one thing you might want to consider.
Advantages:
1. The younger you start saving the better. Your money needs time to grow so better start now!
2. It can also be used as an additional source of funds when your kids reaches college.
3. You locked in your kids Health and Life Insurance coverage while they are still Healthy. Who knows by the time they are interested to secure a plan it's already too late because of their health issues.
4. The Premium Charges are a lot more cheaper today compared to 10-15 years from now. You will maximise the value of your money if you start investing early.
5. You can tranfer the plan to them after college as a Graduation Gift. By that time they can continue saving on their own and they will be glad coz you already started a Savings plan for them years ago.Come to think of it, if your parents started a plan for you 25 years ago, will you also be grateful? ๐
6. If everything else work well this can also be an additional Retirement Fund for YOU. ๐๐๐
Come to think of it, if your parents started a plan for you 25 years ago, will you also be grateful? ๐
