College Savings

With average student loan debt at an all-time high and families stretching their means farther than ever before to afford college bills, financial advisers are playing a bigger role in helping families make decisions about paying for college.  Whether you are a parent or grandparent looking to save and build money for a child or grandchild’s education, Ulin & Co. can help you to sort through your options and help you to get your plan in action.

The primary education savings vehicles available in the United States include:

•US Series EE Savings Bonds
•UTMA/ UGMA Accounts
•2503 Trust Accounts
•Coverdell ESA
•529: Prepaid Tuition
•529 Savings Plans

When we meet, we can help you to better understand your options, along with important factors to consider including: contribution limits, tax treatment, investment flexibility, effect on financial aid, contribution deadlines as well as understanding who controls the account.  For more information, a great website to visit is savingforcollege.com.

Call us at (561) 210-7887 or Contact us today for a no-obligation complementary consultation to learn more about LPL Financial, our firm capabilities and how we can help you with your child (or grandchild’s) college planning strategies.