College Planning Services

Planning for your child's college education requires thoughtful strategy and commitment. Financial experts can assist in setting up and maintaining a college fund, adjusting as necessary over time due to changes in circumstances. They will collaborate with you to determine the required savings amount, utilize tax advantages to achieve your goals and establish a savings strategy that aligns with your overall financial objectives.

These professionals can evaluate your financial status and recommend the most suitable savings plan for you and your family. One possibility is a 529 college savings plan, which provides benefits in terms of taxes and financial aid. The growth of these plans is tax-deferred, and distributions for higher education expenses are free from federal taxes. Another option is the Coverdell Education Savings Account (ESA), a tax-deferred trust that also permits tax-free withdrawals for educational costs at eligible institutions.

Seek financial guidance from advisors who specialize in college expense planning. They offer a free initial consultation to begin the process.

Click & Learn

Financial Aid Will Cover Everything

It's Only About Savings

Start Planning in Senior Year

Only Wealthy Families Need It

Professional Help Isn't Necessary

Financial Aid Will Cover Everything

Myth

Financial aid will cover all college expenses.

Fact

Financial aid often does not cover the full cost of college; strategic planning helps fill the gaps.

It's Only About Savings

Myth

College planning is only about saving money.

Fact

Consultants offer various services beyond audits, such as risk management, budgeting, forecasting, and business strategy, to improve efficiency and profitability.

Start Planning in Senior Year

Myth

You should start college planning in your child's senior year of high school.

Fact

Early planning, starting as early as middle school, provides more opportunities to save and strategize effectively.

Only Wealthy Families Need It

Myth

Only wealthy families need college planning services.

Fact

College planning services are beneficial for families of all income levels to maximize financial aid and minimize education costs.

Professional Help Isn't Necessary

Myth

You don't need professional help for college planning.

Fact

Professional college planners offer expertise and resources that can significantly reduce the cost burden and optimize financial aid.

Adult Day Care Coverage

Risk Factors

You may have to pay them for their services from your pocket if you hire a caregiver.

Solution

Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.

Modifications to House Coverage

Risk Factors

You may need to build a wheelchair ramp for one of your family members because of their medical conditions.

Solution

Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.

Services for College Savings Plans Include:

Assistance in choosing a 529 plan
Analysis and forecasts for costs and savings
Investment advice with a focus on tax implications
Coverdell Education Savings Account (ESA) Guidance
Establishment of college savings trusts
Management of investment portfolios