College Financial Planning
With the exponential rising costs of college tuition, many families are seeking the stable hand of sound advice to help plan to send their child, or children, to college. Consider the options that parents have for funding college, and the decisions become even more daunting:
The task of preparing a plan for college tuition can seem quite overwhelming to most parents. Hence the need for college financial planning assistance has never been more important. Most parents simply need to gain perspective on future college costs they will face, and how to reduce this to a workable savings plan to meet this goal.
- 529 plans
- Coverdell Education Savings Accounts
- Prepaid Tuition Plans
- Roth or Traditional IRA withdrawals
- Custodial Accounts such as UTMAs or UGMAs
- Financial Aid
- Hope Scholarships or other grant programs
Naturally, the best advice that any Advisor can provide is to start a savings plan – now! The sooner one starts saving, the more opportunity for growth exists.
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