Making their dream a reality.
Education Funding and Savings Decisions
Helping you make informed decisions.
One of the greatest rewards in life is helping your child or grandchild pay for their education and setting them on the best path to achieve their dreams. With education costs consistently rising yearly, it’s wise to begin planning as soon as possible. This will better enable you to maximize your investment impact and help provide your child or grandchild a gift that can last a lifetime.
Our Law & Associates team will partner with you to create an integrated strategy that incorporates all available funding and savings options while considering your other goals. Below are some of the most common strategies we will explore during the education planning process:
- 529 Savings Plans
- 529 Prepaid Plans
- Coverdell Education Savings Accounts
- Uniform Gifts to Minors Act/Uniform Transfers to Minors Act (UGMA/UTMA) custodial accounts
We also review other supplemental funding options such as scholarships, grants, and work-study programs.
Law & Associates offers a broad range of experience, solutions and tools designed to help you achieve your education savings goals.
529 plans come with fees and expenses, and there is a risk they may lose money or underperform. Most states offer their own 529 programs, which may provide benefits exclusively for their residents. Please consider whether the state plan offers any tax or other benefits. Tax implications can vary significantly from state to state.
Janice Henderson, CFP®
Chair/CEO, Law & Associates
Branch Manager, RJFS