College Planning

College Planning

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 college planning costs.  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 consultation to learn more about our firm capabilities and how we can help you with your child (or grandchild’s) college planning strategies.