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.