College Savings
It may be overwhelming to think about the costs for your child's education, but the earlier you start, the longer your money can work for you.
Helping Make College Dreams a Reality
A college education is no longer just a nice-to-have, it's practically a requirement. Unfortunately, the cost of many private colleges is well over $100,000. As tuition and fees continue to rise, the cost for a four-year education could double in just over a decade.
Your child or grandchild can still attain a college education, but it is not automatic. The good news is AssuredPartners Investment Advisors can help.
Education Planning Tools
Although the obstacles may seem numerous, there are ways to begin saving for a college education. Today, education savings vehicles are plentiful and diverse, with a broad range of tax benefits and consequences, financial aid implications, contribution limits, and asset flexibility.
529 Plans
A 529 plan is an investment plan operated by a state, designed to help families save for future college costs. As long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to the plan participant.
Coverdell Education Savings Accounts
A Coverdell Education Savings Account is a trust account especially designed for education costs.
The most important thing you can do to secure a child’s educational future is to start planning today. Our advisors can help make the college dream a reality.
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