As a parent or grandparent, one of the best things you can do for your child or grandchild is help them pay for their education. A college degree can significantly increase lifetime earnings, but choosing the right savings plan is key.
While 529 plans offer tax-free growth, it’s important that they fit your family’s goals and risk tolerance. Custodial accounts are another option, offering more flexibility but coming with their own set of rules.
By consulting an advisor, you can create a tailored plan that works for your unique situation and helps maximize tax efficiency. Don’t go it alone—contact us today to discuss the best strategy for saving for college.
