Education Planning Calculator
          Growth Tool | Allocation | Purchase | Education | Retirement | IRA
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It may be difficult to think of your children going away to college. But, due to the rapidly rising cost of higher education, most people will have to begin thinking about their children's college education - or risk not having enough money to send them at all.

Just how much will you need? Use this calculator to help you plan.
Enter Child 1's* Personal Information
*This calculator allows you to create plans for many childern, but you can only ENTER one child at a time. After you enter the information for your first child, you will be given the option to add more childern to the plan.
 
Child's Name:(optional)  
Child's Current Age:  
Child's age when entering college:  
Type of Education:
       Public Private Other
       Technical Junior College
Annual Cost: $
Inflation Rate in Educational Costs:   %
Your Family's Tax Rate:   %
Calculator Assumptions
1. There are four options for the "Tax Status" field:
        i. Taxable: The yearly interest earned by the account is taxed and paid at the end of each year. An example of an investment with this status is a personal savings account in a commercial bank.
     ii. Tax-Free: No tax is ever paid on the money contributed or on any of the interest it earns. An example of an investment with this status is a Roth IRA.
    iii. Tax-Deferred: No taxes are paid until withdrawal. However, upon withdrawal, the entire account, both the money contributed and all of interest it has earned, is taxed. An example of an investment with this status is a Traditional IRA.
     iv. Interest Tax-Deferred: No taxes are paid until withdrawal. However, upon withdrawal, taxes are only paid on the interest accrued, not the money contributed. An example of an investment with this status is common stock.
2.  The additional monthly contributions used to cover the shortfall are assumed be placed into an investment which has a tax status of "Taxable" and rate of return equal to the "Rate of Return" field.

These calculations are hypothetical and do not represent past or future performance of any Armada Fund. Actual investment returns will fluctuate.


 
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