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Education Planning

education planning education planning

Planning for a child’s future

 

Supporting a child’s education can be one of the most rewarding aspects of success and one of the most important elements in your financial plan. With rising inflation and the high cost of education, starting early is an important consideration.

 

As your trusted partner, our knowledge and professional guidance can help you explore the tax benefits, ownership structure, risk and contribution limits involved and make the most informed choice on a plan. We can even help you manage your excess education funds if your aspiring academic earns a scholarship.

529 College Savings Plan

 

By investing in potential, you could provide the inspiration for a legacy of higher learning that’s passed on for generations to come. Even more, the funds you contribute have the ability to grow tax-deferred, and eventually be withdrawn, tax-free.*

 

Together, we choose the investment strategy that is the best fit for you and your student, keeping in mind that contribution limits exist, regardless of income level.

529 College Savings Plan 529 College Savings Plan

UTMA Custodial Accounts

 

Although Uniform Transfers to Minors Act (UTMA) accounts are not designed specifically for college savings, they do offer advantages, including multiple investment options, limited tax benefits and the ability for a parent to transfer assets to a child without establishing a more costly trust. However, contributions to the accounts are irrevocable, and parents lose control of the funds when the child becomes 18 - 21 – an age that may vary by state. We help you navigate these considerations, understand how it will affect your overall plan and provide solutions tailored to your funding needs.

UGMA/UTMA Custodial Accounts UGMA/UTMA Custodial Accounts

Discover more for your wealth journey

Plan for the future with our financial advisors

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