College Savings

Investing in Your Child's Future

Planning for your child's education is one of the most important financial goals you can undertake. As a financial advisor, I specialize in helping families save for college and navigate the complex world of education financing.

College Savings Options

529 College Savings Plans

These state-sponsored investment accounts offer tax advantages and flexible investment options to help you save for college. Contributions grow tax-deferred and withdrawals are income tax free when used for qualified education expenses.

Coverdell Education Savings Accounts (ESA)

ESAs provide another tax-advantaged way to save for education expenses. Contributions are made with after-tax dollars, but earnings grow income tax free and withdrawals are tax-free when used for qualified education expenses.

Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) Accounts

These custodial accounts allow you to save and invest on behalf of a minor child. While contributions are irrevocable gifts to the child, the funds can be used for any purpose, including education expenses.

The Importance of College Savings

The cost of higher education continues to rise making it essential for families to start saving early to cover tuition, fees, room and board, and other expenses. By investing in a college savings plan, you can help alleviate the financial burden of paying for college and provide your child with opportunities for success.

How I Can Help

As your trusted financial advisor, I’ll work closely with you to assess your college savings goals, understand your risk tolerance, and recommend the right savings strategy for your family. Whether you’re interested in a 529 plan, Coverdell ESA, or another college savings option, I’ll provide guidance to help you make informed decisions and maximize your savings potential.