T. ROWE PRICE RELEASES INNOVATIVE AGE-BASED BENCHMARKS TO HELP FAMILIES NAVIGATE COLLEGE SAVINGS
T. Rowe Price (TROW) has released new age-based benchmarks in its latest Insights report to help families better plan for college savings. The report, authored by Roger Young, CFP®, introduces specific savings milestones based on children's ages. For instance, parents aiming to cover half of college costs should have saved 1.1 times the annual "sticker price" of their target institution by the time their child reaches age 10.
The report emphasizes the importance of 529 plans as effective savings vehicles, offering tax advantages and investment choices. It also provides guidance on adapting savings strategies when circumstances change and helps families customize benchmarks according to their financial situation and goals.
T. Rowe Price (TROW) ha pubblicato nuovi parametri di riferimento basati sull'età nel suo ultimo rapporto Insights per aiutare le famiglie a pianificare meglio il risparmio per il college. Il rapporto, scritto da Roger Young, CFP®, presenta tappe specifiche di risparmio in base all'età dei bambini. Ad esempio, i genitori che vogliono coprire metà dei costi universitari dovrebbero aver accumulato un risparmio pari a 1,1 volte il "prezzo ufficiale" annuale dell'istituto scelto entro il decimo anno di età del figlio.
Il rapporto sottolinea l'importanza dei piani 529 come strumenti di risparmio efficaci, offrendo vantaggi fiscali e opzioni di investimento. Fornisce inoltre indicazioni su come adattare le strategie di risparmio in caso di cambiamenti nelle circostanze e aiuta le famiglie a personalizzare i parametri di riferimento in base alla loro situazione finanziaria e ai loro obiettivi.
T. Rowe Price (TROW) ha publicado nuevos puntos de referencia basados en la edad en su último informe Insights para ayudar a las familias a planificar mejor el ahorro para la universidad. El informe, escrito por Roger Young, CFP®, presenta metas específicas de ahorro según la edad de los niños. Por ejemplo, los padres que buscan cubrir la mitad de los costos universitarios deberían haber ahorrado 1.1 veces el "precio oficial" anual de la institución objetivo cuando su hijo cumpla 10 años.
El informe destaca la importancia de los planes 529 como vehículos de ahorro efectivos, que ofrecen ventajas fiscales y opciones de inversión. También ofrece orientación sobre cómo adaptar las estrategias de ahorro cuando cambian las circunstancias y ayuda a las familias a personalizar los puntos de referencia según su situación financiera y objetivos.
T. Rowe Price (TROW)는 최신 Insights 보고서에서 연령별 벤치마크를 새롭게 발표하여 가족들이 대학 학자금 마련 계획을 더 잘 세울 수 있도록 지원합니다. Roger Young, CFP®가 작성한 이 보고서는 자녀의 나이에 따른 구체적인 저축 목표를 제시합니다. 예를 들어, 대학 비용의 절반을 충당하려는 부모는 자녀가 10세가 될 때까지 목표 대학의 연간 "정가"의 1.1배에 해당하는 금액을 저축해야 합니다.
이 보고서는 세제 혜택과 투자 선택권을 제공하는 효과적인 저축 수단인 529 플랜의 중요성을 강조합니다. 또한 상황 변화에 따라 저축 전략을 조정하는 방법을 안내하며, 가족들이 자신의 재정 상황과 목표에 맞게 벤치마크를 맞춤 설정할 수 있도록 돕습니다.
T. Rowe Price (TROW) a publié de nouveaux repères basés sur l'âge dans son dernier rapport Insights pour aider les familles à mieux planifier leurs économies pour les études universitaires. Le rapport, rédigé par Roger Young, CFP®, présente des étapes d'épargne spécifiques en fonction de l'âge des enfants. Par exemple, les parents souhaitant couvrir la moitié des frais de scolarité devraient avoir économisé 1,1 fois le "prix affiché" annuel de l'établissement ciblé lorsque leur enfant atteint l'âge de 10 ans.
Le rapport souligne l'importance des plans 529 en tant que véhicules d'épargne efficaces, offrant des avantages fiscaux et des options d'investissement. Il fournit également des conseils pour adapter les stratégies d'épargne en cas de changement de situation et aide les familles à personnaliser ces repères en fonction de leur situation financière et de leurs objectifs.
T. Rowe Price (TROW) hat in seinem neuesten Insights-Bericht neue altersbasierte Benchmarks veröffentlicht, um Familien bei der besseren Planung ihrer College-Ersparnisse zu unterstützen. Der von Roger Young, CFP®, verfasste Bericht stellt spezifische Sparziele basierend auf dem Alter der Kinder vor. Zum Beispiel sollten Eltern, die die Hälfte der College-Kosten decken möchten, bis zum 10. Lebensjahr ihres Kindes das 1,1-fache der jährlichen "Listenpreise" ihrer Zieluniversität angespart haben.
Der Bericht hebt die Bedeutung von 529-Plänen als effektive Sparinstrumente hervor, die steuerliche Vorteile und Investitionsmöglichkeiten bieten. Zudem gibt er Hinweise zur Anpassung der Sparstrategien bei veränderten Umständen und unterstützt Familien dabei, die Benchmarks an ihre finanzielle Situation und Ziele anzupassen.
- Introduction of innovative age-based benchmarks provides new value to clients and reinforces T. Rowe Price's leadership in education savings
- Leverages 20+ years of experience in managing 529 plans to provide strategic insights
- Expansion of thought leadership content could attract more clients to T. Rowe Price's investment products
- None.
New report provides parents with savings benchmarks to gauge whether their college savings strategy remains on track from year to year
As college costs continue to rise, the report emphasizes the importance of strategic planning and the utilization of effective savings vehicles, such as 529 plans, to help families meet their educational goals.
How can benchmarks and the right tools help families stay on track? Key Insights from the Report include:
- Savings Benchmarks: The report outlines specific savings milestones based on a child's age, helping parents gauge whether their college savings strategy is on track. For example, by age 10, parents planning to ultimately cover half of the cost should aim to have saved 1.1 times the current annual "sticker price" of their target institution. These benchmarks provide a clear roadmap for families to follow, preparing them for future education expenses.
- Adapting to Changing Circumstances: The report provides guidance on how families can adjust their savings strategies to remain on track, or to catch up when they have fallen behind. It also helps parents customize how they use the benchmarks over time, accounting for changes in their financial situation, the ideal type of college for their child, and the percentage of college costs they aim to cover.
- 529 Plan Benefits: 529 college savings plans are highlighted as a powerful tool to help families save for education. The growth potential of a portfolio is key to achieving savings goals, and these plans offer tax advantages and investment choices for parents and grandparents.
Roger Young stated, "Saving for college is one of the biggest long-term savings goals for families. Our report equips families with savings benchmarks to make it easier to measure progress and stay on track." Young continued, "Our experience in managing 529 plans for over 20 years and helping families save for college helps us understand savings strategies We dig deeper by asking better questions to help families make more informed decisions that improve the educational future for their children."
The full college savings report is available for download on the T. Rowe Price website by clicking here. Additionally, Young will be featured during the Savingforcollege.com's 529 Day Webinar on May 29, 2025 at 1pm ET and will answer common questions about 529 plans and college savings. Click here for the webinar registration link.
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Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US
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SOURCE T. Rowe Price Group
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