Press play above, then read the full written lesson in the next item.
The day they are bornWhen to open a 529. The earliest years of compounding are exactly the ones that cannot be recovered later.
Term — pure insuranceLow premium, no wrapper
Whole life — insurance plus a costly investmentFar higher premium
Bundling is where the cost hides. Buy term and invest the difference usually wins, because you are not paying for an expensive investment wrapper you did not need.