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Episode 214: Saving for a University Education is Taking a Hit
With mortgage rates continuing to climb, many people are diverting money earmarked for education savings to cover their newly acquired interest payments. Listen here to find out what your strategy should look like.
Key points:
(00:58): Mortgage rates are still on the rise
(02:01): What do you need to earn to offset those new terms?
(02:33): What are people doing to make up for that increase in their mortgages?
(03:32): What’s the most important thing to maintain when you find yourself in this predicament?
(06:47): Securing your education fund
(08:34): RESP strategies
(09:05): What is an in-trust account?
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By The McClelland Financial Group of CI Assante Wealth Management Ltd.
4
22 ratings
With mortgage rates continuing to climb, many people are diverting money earmarked for education savings to cover their newly acquired interest payments. Listen here to find out what your strategy should look like.
Key points:
(00:58): Mortgage rates are still on the rise
(02:01): What do you need to earn to offset those new terms?
(02:33): What are people doing to make up for that increase in their mortgages?
(03:32): What’s the most important thing to maintain when you find yourself in this predicament?
(06:47): Securing your education fund
(08:34): RESP strategies
(09:05): What is an in-trust account?