A bull’s-eye strategy to help parents save for their kids’ post-secondary education
Target-date funds are being used to help parents automatically adjust their RESP investment asset mix.kenneth-cheung/iStockPhoto / Getty Images
More parents are considering education-focused target-date funds (TDFs) as a way to simplify their savings and investment strategies for their children’s post-secondary education.
TDFs are “all-in-one” investment vehicles that adjust their mix of securities over time, becoming more conservative as a predetermined target date approaches, such as retirement. More companies are starting to offer TDFs geared toward registered education savings plans (RESPs), with the target date being when the beneficiary attends college or university.
CIBC Asset Management Inc….
