It's never too soon to begin planning for how you will pay for college for
your children, and maybe even your grandchildren. Fortunately, today's tax
laws offer some incentives to assist you in paying for higher education.
However, due to the variety of options, it is often difficult to figure out just
which one is the right tool for you to use.
Various College Funding Options
- 529 Plans
- Education IRAs
- Other IRAs
- Savings/Investments in the child's name
- Savings/Investments in the parent's name
Do you know...
- Which option is best for you?
- What are the tax consequences/benefits of each?
- How does each of these affect financial aid?
- Exactly how much do you even need to be saving per month?
If you don't have answers to all of these questions, call to schedule an appointment! Remember, the longer you wait to begin, the more you will need to begin saving each month.
