On average, a person who receives a college education earns about 89% more than one who does not.*

*Source: U.S. Census Bureau, March 2002 Current Population Survey, Income Statistics Branch/HHES Division, U.S. Department of Commerce, Washington, D.C.

In light of rising higher education costs, it's important to have a savings plan in place that accounts for inflation and future expenses. Currently, there is a new tax law with some very beneficial provisions for higher education savings. There are two great alternatives available made more attractive by this law: education savings plans (formerly called education IRAs) and 529 plans.

In our view, everyone who is saving for children's or grandchildren's education expenses should consider using one or both of these alternatives. Of course, we understand that everyone's individual situation is different. By working with you, we will tailor an education savings plan that takes all of your circumstances into consideration.

For information about our education planning services, please contact us today. Also check out these links:

> Saving for Education Expenses

> 529 plans: Recent changes in law make these plans even more attractive

> 529 savings plans can help fund higher learning

> 529 savings plans: A flexible way to save for higher education

> An Education in Savings: The Coverdell ESA

> Teaching Kids about Money: Why It's Not Just Fun and Games

> Coverdell Education Savings Accounts (PDF)