Number of Children

College Tuition Per Year
Average annual tuition cost per child, including room/board, books/supplies, transportation and personal expenses is $22,541 for private colleges and $10,470 for public colleges.
(Source: The College Board, 2001)

Children's Wedding
Amount you plan on spending for your children's wedding(s). Average wedding costs is almost $19,000.
(Source: The Knot, 2001)

Personal Funeral Expenses
U.S. average is approximately $8,000.
(Source: AARP, Funeral and Burial Costs, 2002)

Elder Care for Parents
Average annual cost of nursing home care is $52,100 per person if not covered by insurance.
(Source: Mature Markets Institute Survey, April 2002)

Elder Care for Parents - Number of Years (est.)
Average annual stay in a nursing home is 2.6 years.
(Source: Conning & Company LongTerm Care Insurance - Baby Boom or Bust? 1999)

Other Expenses