International Financial Investments
Here are some examples of the costs parents have to face in Latin America: In Mexico, the average cost for an undergraduate of 4-5 years is $42,538 USD; in other countries such as Peru, the price remains at an average of $33,227 USD and in Chile $36,588 USD, to name a few. Added to this price, we must also include other important expenses such as food, clothing, stationary, books, housing and transportation. At the end, the amount becomes higher and higher.
But... Have you considered the benefits of starting to save from an early age for your children's education?
In addition to ensuring their university education and related expenses, you could anticipate capital for school trips, an emergency fund, expensive materials or even help them buy their first home.
Another aspect to consider is the increase in prices. Inflation on college tuition fees, due to high demand and limited available spots, has remained at an average annual rate of 5% to 6% over the last 25 years. This implies that these prices will continue to rise, which is why we need to plan strategically while considering these increases.
Make your savings work for you and start your plan as soon as possible.
If you are interested in learning how to maximize investment returns on your retirement plan using international financial instruments, do not hesitate to contact us.