College is expensive. In fact, the average college costs are rising approximately 5% each year. Saving for college involves a critical question: How much of your annual savings should you commit to your child’s future college expenses versus saving for your own retirement?
Starting the college planning process early is critical to finding the correct balance between saving for college expenses and saving for your retirement. Using our comprehensive financial planning software, we will carefully and thoughtfully analyze your financial resources to determine the best possible solution for your student.
Once a plan is in place for determining your level of college funding, numerous options exist for education savings including section 529 plans and Coverdell education accounts. College savings accounts have unique benefits, which vary by state. Early planning can be the key to successfully capturing all the unique benefits these accounts have to offer.
