PLANNING FOR COLLEGE
Two basic considerations in saving for college are asset allocations and minimizing taxes.
There is no doubt that college costs are rising and each year students and families will pay more for tuition. In fact, many say that tuition rates will increase about twice the inflation rate. With that in mind, a baby born today will pay approximately three times the current tuition rates.
Two basic considerations in saving for college are asset allocations and minimizing taxes. However, there are a multitude of options and strategies available to achieve your ultimate goal. From 529 Plans to education IRAs, from saving in your name to saving in your child's name, from draining your retirement account to borrowing, your individual situation will require careful consideration and blending of solutions uniquely designed to meet future needs.
We can calculate the future costs of a college education and help you determine the best way to fund that education.