One key request many Malaysian make when engaging a financial planner is setting up a child education plan for them. Starting up a child education plan as early as possible is the best basket of savings one can have especially when the plan is executed early. The sooner one puts the plan in action, the easier it is for one to ensure sufficient funding when the need arises.

The Dilemma

I spoke to a mother of a brilliant child yesterday and the result of that conversation drove me to dwell further about child education plan. To simplify the entire conversation with this lady, I will state the main key points of the conversation:

1. The lady is in her fifties and while her husband is a retiree living on government pension.