Providing funds for a child’s education is one of the most important financial commitments most parents will make.
Unfortunately, the cost of providing a higher education is soaring. For most parents, developing a plan for meeting education expenses has become essential.
Appropriate planning entails gathering tuition costs, selecting appropriate investments, evaluating pre and post-tax payment strategies, income shifting, gifting strategies and more. The good news is that by planning well, you can fund most (if not all) of your child’s education.
State sponsored 529 plans
State sponsored pre-paid tuition plans
Custodial accounts including UGMA/UTMA
Financial aid planning