Enhanced Site Offers Information and Guidance on Saving Options as Well as
Resources for Help with Paying for College
SAN FRANCISCO, Sept. 11 /PRNewswire-FirstCall/ -- In celebration of
National College Savings Month, Charles Schwab & Co., Inc. today announced
an enhanced college planning site on schwab.com, designed to help consumers
make thoughtful decisions about planning and funding a college education.
Located at http://www.schwab.com/college within the Planning & Retirement area
of schwab.com, the upgraded tab offers information and guidance on how to
plan and save for college, as well as resources for help with paying
college expenses. The site also offers an easy, at-a-glance comparison of
the benefits and limitations of different college savings vehicles,
including 529 plans, Education Savings Accounts (Coverdell IRAs) and
custodial accounts. A college calculator enables users to quickly project
how much they might need and illustrates the benefits of starting to save
as early as possible.
Information on the site is now organized under the headings (sub-tabs)
"Saving for College," "Paying for College," and "Compare Accounts." There
is also expanded information about 529 plans, widely considered the premier
vehicle for saving for college due to their tax benefits and flexibility of
ownership.
"People are looking for easy-to-use resources to learn how to fund a
college education," said Rene Kim, senior vice president of Schwab Investor
Services. "For many people, planning for this expense is second only to
planning for retirement - but even with college costs climbing each year it
doesn't have to be a daunting process. The upgraded site on schwab.com now
offers the tools and practical guidance to help consumers make smart
choices."
More than half (59 percent) of all Americans age 35-44 consider funding
their children's/grandchildren's college education extremely or very
important, according to Schwab research. The percentage of Schwab clients
in this age group who feel it's important is significantly higher - at 71
percent.
For additional information, visit http://www.schwab.com/college.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 300 offices and 6.9 million client
brokerage accounts, 1,169,000 corporate retirement plan participants,
187,000 banking accounts, and $1.4 trillion in client assets. Through its
operating subsidiaries, the company provides a full range of securities
brokerage, banking, money management and financial advisory services to
individual investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and products
including an extensive selection of mutual funds; financial planning and
investment advice; retirement plan and equity compensation plan services;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment
advisors through its Schwab Institutional division. The Charles Schwab
Bank, N.A. (member FDIC) provides banking and mortgage services and
products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org) is an
electronic trading technology and brokerage firm providing services to
highly active, online traders. More information is available at
http://www.schwab.com. (0907-6922)
SOURCE Charles Schwab
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Related links:
http://www.schwab.com/
CONTACT:
Sarah Bulgatz of Charles Schwab,
+1-415-636-5940, Sarah.Bulgatz@Schwab.com
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