Invest in Mutual Funds

Investing in mutual funds opens the door for all kinds of possibilities. One of them could be higher education for a child. Your earnings will be subject to annual income taxes. When shares are sold and, capital gains will also be taxed. Also, watch out for the fact that the mutual fund’s assets can reduce financial aid eligibility!

You have to decide if the pros outweigh the cons while considering your own unique financial situation and portfolio!