How Expats Should Invest For Their Children’s Education
Krista Plank is a single Canadian woman who’s living in China.
She’s raising her six-year old son, Malaya. When she graduated from university, Krista had $50,000 in student loan debt. “I want to avoid that for my son,” she says. That’s why Krista is investing money for Malaya’s education.
If she still lived in Canada, the process would be easy. Krista could open a RESP (Registered Education Savings Plan) in her son’s name.
But because Krista lives overseas, she can’t open such an account.
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