2023 Q1 In Review - Integrity Wealth Advisors, Ventura & Ojai, California

Future
FINANCIAL
four-year college
PLANNING:
costs
COLLEGE COSTS
How much College costs to invest
The younger the child, the more college is likely to cost. Add up four years per child, and it equals one of a family’s See largest how much expenses. you should start investing or already have invested, based on a child
PROJECTED COST OF A FOUR-YEAR Projected cost COLLEGE of a four-year EDUCATION college education
Based on a child's current age
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
Private
$230,290
College costs
Public (in-state)
$253,895
$150,000
$110,482
uals one of a family’s largest $100,210 expenses.
$100,000
$279,919
$121,806
based on child’s current age 1 $502,694
$455,958
$413,568
$375,118
$340,243
$308,611
$241,168
$134,292
$198,410
$179,963
$163,232
How $148,056 much to invest
$218,747
$554,220
Public college (in-state)
Private college
One-year costs
Child’s for 2022-23 1
Monthly investment to pay:
current age
50% 75% 100% 50% 75% 100%
$23,2503 $53,430 $361 $542 $723 $830 $1,245 $1,661
Public Private
6 $431 $646 $861 $990 $1,484 $1,979
81%
Not yet investing?
Amount to start contributing each month
Newborn $315 $472 $630 $724 $1,086 $1,448
9 $546 $819 $1,092 $1,255 $1,882 $2,510
of families have to
rule 12 out some colleges $777 $1,166 $1,554 $1,786 Saving $2,679 and investing $3,572
because of cost. 2
15 $1,471 $2,206 $2,942 $3,380 $5,070 $6,760
See how much you should start investing or already have invested, based on a child’s current age and your college funding plans.
Current ba
Child’s
current age
P
Newborn $42
3 $43
6 $4
9 $46
12 $47
15 $48
4
$554,220
$241,168
8
$50,000
$0
Source: J.P. Morgan Asset Management. Based on average tuition, fees, and room and board costs for 2022-
Age 18 Age 16 Age 14 Age 12 Age 10 Age 8 Age 6 Age 4 Age 2 Newborn
and Student Aid 2022. Costs estimated to inflate 5% per year. This hypothetical example illustrates the future
Amount to start contributing each month
investments Current with balance no additional or lump-sum contributions contribution for different time to be periods, on track assuming an annual investment retu
does not represent the performance of any particular investment. Different assumptions will result in outcom
1. J.P. Morgan Asset Management, using The College Board, Trends in College Pricing and Student Aid 2022. Future college costs estimated to inflate less than 5% the per figures year. shown. These figures do not reflect the impact of fees or expenses that would be paid b
Average tuition, fees, and room and board for public college reflect four-year, in-state charges.
A plan of regular investment cannot ensure a profit or protect against a loss in a declining market.
Public college (in-state)
Private college
Public college (in-state)
Private college
2. Sallie Mae, How America Pays for College, 2022.
One-year costs
for 2022-23 1
$23,250
Public
$53,430
Private
81%
of families have to
rule out some colleges
because of cost. 2
Child’s
current age
FUTURE FOUR-YEAR
COLLEGE COSTS
The younger the child, the
more college is likely to
cost. Add up four years
per child, and it equals
one of a family’s largest
expenses.
Not yet investing?
Monthly investment to pay:
50% 75% 100% 50% 75% 100%
HOW MUCH TO
INVEST
Newborn $315 $472 $630 $724 $1,086 $1,448
3 $361 $542 $723 $830 $1,245 $1,661
See how much you
should start investing
or already have
invested, based on a
child’s current age and
your college funding
plans.
6 $431 $646 $861 $990 $1,484 $1,979
9 $546 $819 $1,092 $1,255 $1,882 $2,510
12 $777 $1,166 $1,554 $1,786 $2,679 $3,572
15 $1,471 $2,206 $2,942 $3,380 $5,070 $6,760
Already investing?
Child’s
Current balance or lump-sum investment to pay:
current age
50% 75% 100% 50% 75% 100%
21
Newborn $42,246 $63,369 $84,492 $97,084 $145,626 $194,168
3 $43,464 $65,197 $86,929 $99,884 $149,826 $199,768
6 $44,718 $67,077 $89,436 $102,765 $154,148 $205,531
9 $46,008 $69,012 $92,016 $105,729 $158,594 $211,459
12 $47,335 $71,003 $94,671 $108,779 $163,169 $217,559
15 $48,700 $73,051 $97,401 $111,917 $167,875 $223,833
2
Newborn
Source: J.P. Morgan Asset Management. Based on average tuition, fees, and room and board costs for 2022-23 school year, The College Board, Trends in College Pricing
Source: 1 J.P. Morgan Asset Management, using The College Board, and Student Trends Aid in 2022. College Costs Pricing estimated and to Student inflate 5% Aid per 2022. year. Future This hypothetical college costs example estimated illustrates to the inflate future 5% values per year. of different Average regular tuition, monthly fees, investments and room and board lump-sum for public
college reflect four-year, in-state charges. 2 investments with no additional contributions for different time periods, assuming an annual investment return of 6%, compounded monthly. This hypothetical example
Sallie Mae, How America Pays for College, 2022. Based on average tuition, fees, and room and board costs for 2022-23 school year.
does not represent the performance of any particular investment. Different assumptions will result in outcomes different from this example. Your results may be more or
less than the figures shown. These figures do not reflect the impact of fees or expenses that would be paid by a 529 plan participant. Such costs would lower performance.
A plan of regular investment cannot ensure a profit or protect against a loss in a declining market.
ge costs estimated to inflate 5% per year.
21