Case Study:

Gillian and Ron Wright have 3 children aged 1, 4 and 6 and wanted to make sure they had enough to send all three children to University when the time came. They turned to Moneystrat Securities Inc.'s Paul Mancuso for advice and discovered they needed to not only consider the cost of tuition but supplies, books and lodging as well as the potential of the kid's schools being some distance from home. Lodging and books can run up to 1 1/2 times the cost of tuition. Paul came up with two scenarios; contributing $2,000 per child per year for the next 12 years or contributing $960 per child per year until the last child entered university. The 2nd scenario provided only for tuition, so Gillian and Ron decided on the 1st scenario. To make saving easier Paul suggested that instead of a large lump sum each year of $6,000 the couple could make monthly contributions of $500. Now the client's children have only their grades to worry about.

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