Education Planning

It is a well-known fact that college tuition expenses continue to rise and planning for this important expenditure is a wise investment in your children’s future. As with any large savings goal, it's best to start investing early and often for college. Our professionals will work with you to help you set your goals, determine how much you will need to save for each child based on his or her age, and develop an investment plan.

Our professionals assist clients in “crunching the numbers” – helping them determine exactly what they need to allocate to meet the education goals of their children.

In addition to scholarships, grants, and financial aid, today's parents have a number of other available vehicles to obtain the money they need for their children's college educations. Here are several investment and loan programs that exist, although provisions for most of these vary from state to state:

• Coverdell Education Savings Accounts (formerly Education IRAs)

• 529 plans (savings plans and pre-paid tuition)

• Custodial and trust arrangement

• Retirement plan loans

• Pre-paid tuition investments

• Home-equity loans

• Government Series EE bonds

• Zero coupon bonds