College Savings Plans

College can be a huge financial burden on a family. But if planned for, it doesn't have to be.

Graduation Caps
Learn about the different ways to plan for College.

ESAs

Coverdell ESAs offer potential: tax benefits, flexibility of who holds account, income caps on owner, allows corporations to participate, can be used for educational expenses through K -12 & college, & can be rolled over between relatives.

529s

529s offer the potential for: tax advantages, can be rolled over to siblings, flexible contributions, and growth potential determined by your state & individual circumstances.

IRAs & Annuities

IRAs and Annuities are predominately investment vehicles for retirement, and while not often used for education savings offer potential benefits: multiple types with different tax advantages, potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts. potential benefits: multiple types with different tax advantages, potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts.

UTMA/UGMAs

UGMA/UTMAs offer the potential for: tax advantages, flexible use of funds (not just on college expenses), counted on the FASFA as student's income and affects Financial Aid Eligibility.

Prospective Clients: Connect with an Advisor

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