If I were Andrew, I would begin by evaluating Prudential's performance so far. If his parents have been depositing $20,000 per year for 20 years at the beginning of each year, and the fund is now worth $600,000, that figures to a compound rate of return of about 4%. That's better than he would have done with the money under his mattress, but if it's right he's certainly wise to be looking for alternatives.
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