The cost of pursuing a higher education continues to rise. For many, achieving the goal of providing additional educational opportunities to children and grandchildren now requires more deliberate planning.
There are four primary tools we utilize for educational planning purposes.
Custodial Accounts- 529 Plan
- Educational IRA Accounts
- Roth IRA Accounts
Each of these different educational planning tools has various advantages and disadvantages, and no single option offers the best solution for every situation. Regardless of whether college is just around the corner or decades away we encourage our clients to start a dialog about what options can be utilized to progress toward the educational goals of their family.