College Savings Planning

Paying for college can end up being one of the largest expenses in your lifetime. We can help you keep these costs in perspective and create a college saving strategy.

We will help you to put a strategy in place to pursue your savings goals to pay for the college education of loved ones. This includes:

  • Analysis of the expenses associated with the colleges of your choice
  • Analyzing different saving/investment options along with the tax advantages, penalties, and restrictions that may apply to each:
    • 529 College Savings plans (Both in-state sponsored and out-of-state sponsored plans)
    • Coverdell Education Savings Account
    • Uniform Transfers to Minors Act Account

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

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