Saving for College
For families with children, one of the most common questions is, “how are we going to pay for college?” The earlier in a child’s life that you seek to answer this, the better off you will be. We offer a multitude of strategies and ideas that can help you manage the goal of paying for college. Many times, utilizing 529 college savings plan can be the most effective way to do this.
Examining the growing cost of higher education can be mind numbing. Most people need to accept the fact that they will not have the total amount saved to fully pay for college. What is more important, is that instead of focusing on the daunting task of paying for everything, a commitment is made to begin the periodic savings with as much as possible. Having a substantial amount saved will be extremely beneficial even if it will not cover 100% of your expenses. We can help put a program together for your family.
Click on the links below to learn more about saving for college:
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.