Lifetime Planner - College Expenses, Todays or Future Dollars?

James J

This is probably a silly question, but I'm not sure.

College is still more than a decade away for the oldest kid.

So when I enter college costs in the lifetime planner, am I entering the costs for today or for 15 years later when the oldest actually attends college?

I'm pretty sure it's today's dollars because there is a screen where I enter the yearly increases.  Right?

Frankx

Hi @""James J"

I haven't used the college planner in a while, but I believe that you are supposed to enter current costs because I recall that the planner adds an inflation factor which is actually greater than regular inflation (because college costs have been more than regular inflation for a number of years).

Frankx

Frankx

Hi @""James J"

I haven't used the college planner in a while, but I believe that you are supposed to enter current costs because I recall that the planner adds an inflation factor which is actually greater than regular inflation (because college costs have been more than regular inflation for a number of years).

Frankx