Welcome back to another episode of the 360 Money Matters Podcast!
In Australia, school fees have recently risen dramatically. The total cost for 13 years of schooling amounts to $102,807 if you are planning to send your child to a Victorian government school. Cost will only be higher if you are planning to send your child to a private school.
Today, we are joined by Amy Parsons, Business Development Manager at Futurity Investment Group. We will talk about how you can plan for education with the help of education bonds. These bonds can help save for these big education costs, provide choice of investments, and allow you to do so in a cost-effective manner.
This topic is relevant, especially since Australia is currently experiencing inflation and rising costs. We cover how you can strategize your family’s education!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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Australian public and private school costs
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The benefits of education bonds
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Traditional investment bonds vs. education bonds
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What is an education bond? Why is it more flexible than an investment bond?
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Individual and family education bonds
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Strategizing the right beneficiaries for education bonds
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Longevity
