EDUCATION PLANNING

Funding education costs for children or grandchildren is important to many people.  While the increase in college costs have slowed some lately, this is still a major expense for most families. It is important to know the many different ways you can save for education to determine the optimal strategy. Often, funding a 529 plan comes with tax benefits, so making contributions before the end of the year is key.  With the added flexibility of funding k-12 years, 529 accounts become even more advantageous. You and your family can look to the future far more positively when you have a well-planned strategy for education costs. 

With a plan that features a CPA financial planner’s tax savvy investment advice and guidance, you can realize your education funding goals and reap the benefits they deliver, including:

  • Creating a timely, diverse college investment strategy designed around your financial resources, child’s age, risk tolerance and projected educational costs.

  • Explaining tax credits and deductions that can defray education costs and the tax implications of education-related investment and savings decisions.

  • Recommending ways for the student to become involved in the planning process and contribute to the education fund.

  • Keeping your plan updated to reflect changes in your employment situation, investment options, savings plans, financial-aid requirements and tax laws.