For many people, funding a college education for a child or grandchild is a life-long goal. However, given that the cost of college tuition has increased by more than 40% over the last decade, this goal can sometimes seem out of reach.
And as the cost of a college education continues to rise, estimating the actual cost of your child or grandchild's education is difficult and requires disciplined savings and financial planning to make that education affordable.
The good news is that now more than ever, there are many educational planning choices for your children and grandchildren, including:
- Coverdell Education Savings Accounts
- State-sponsored 529 college savings plans
- Gifting options of a UTMA/UGMA custodial account
We'll work with you to develop individualized college funding strategies. We will help you determine the right investment vehicle, with the most tax benefits, for your family's educational goals.