Paying for college is one of the greatest gifts a parent or grandparent can give to a child, yet it is one of the largest expenses many families will ever face. Everyone wants to help their children or grandchildren realize their dreams, whether it’s to become an astronaut, an engineer, a teacher or a technician.
If you plan far enough in advance, there are several savings options and resources parents have today designed to help save on or even fund the cost of higher education, including:
Each of the options mentioned above have their own income tax implications and contribution limits, but all should be considered in any College Savings Plan. For more information on how these, or any other College Planning techniques may work for you and your family, simply give us a call.
Nadine M Lord EA, CFP®
30021 Tomas, Suite 300
Rancho Santa Margarita CA 92688
Toll Free 800-350-1299