There’s no denying the benefits of an education: the ability to compete in today’s job market, increased earning power, and expanded horizons. But these advantages come at a price. And yet, year after year, thousands of students graduate from college. So, how do they do it?
Whether they want to grow up to be a farmer or a firefighter, as parents and grandparents we want to support them and their dreams, as best we can. This journey begins with savings.
At Truliant Financial Advisors, our CFS* Financial Advisors, available through CUSO Financial Services, L.P.,* can help you create an impact that can last generations.
During this process, we will:
- Discuss the different education savings plans available, along with the associated costs and benefits for each one, including:
- 529 Plans
- Coverdell Education Savings Accounts
- UGMA & UTMA Custodial Accounts for Minors
- Answer frequently asked questions such as:
- Can a 529 plan affect my grandchild's chance of receiving Financial Aid?
- Can I access the money in the event of an emergency?
- Will Medicaid count my grandchild's 529 plan as a part of my assets?
To learn more about saving for education, contact us today to schedule an appointment.
