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How Can Clients Save for College and Retirement Simultaneously?
How can clients save for college and retirement simultaneously?
  • Nov 06, 2012
  • Written by Derrick Yapp, Sr. Internal Wholesaler

In 2010, the birth rate for women aged 40–44 was the highest reported in 33 years (10.2 births per 1,000 women) and has been increasing for the last decade.1


“How will I pay for my child’s college education?” is a question many clients of this age group are struggling with.  For many, their prime years for Saving for Retirement will also require saving for college. Paying for college will come while they are Transitioning into Retirement.


College expenses of $50,000, $100,000 or more can put a significant dent in even the best retirement saving strategy.  To offset the impact these costs represent to retirement savings, many families are turning to student loans.


In the 2010–2011 school year, students and their families borrowed $111.9 billion in student loans, compared to $49.9 billion during 2000-2001.2


How to Save for College and Retirement Simultaneously  is a clever way to explain, by example, how your clients can save for college while preparing themselves for retirement. This flyer has been resonating with a lot of advisors that I work with.


For information on product allocation and pricing information for the Franklin Templeton 529 College Savings Plan here’s the Franklin Templeton 529 College Savings Plan Overview and Pricing Structure flyer. 


Visit 529 College Plans for more resources to help your clients solve their investing dilemma and to expand your college saving book of business.  

  1. CDC National Vital Statistics Report, August 2012
  2. Trends in Student Aid. © 2011 The College Board

Derrick Yapp

  Derrick Yapp, Sr. Internal Wholesaler


Derrick Yapp is a senior internal wholesaler responsible for directing and expanding Franklin Templeton sales of mutual funds, separately managed accounts, 529 plans and insurance products in New Jersey and Pennsylvania.


Derrick joined Franklin Templeton Investments in 2004. He is an excellent source of information regarding Franklin Templeton products and services. His experience in sales and marketing offers ideas and solutions to registered securities representatives to help them build their practice and make prospecting more effective.


Derrick earned a Bachelor of Science in Marketing from Illinois State University. He is a FINRA registered representative. Derrick resides in Seminole, Florida with his wife, Julie and two children, Clayton and Elizabeth.



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