Saving for Education

Investing in the Future

There are many staggering statistics that we encounter in our day to day lives, but likely none more amazing than the ever-increasing costs of higher education. For many, it is difficult to envision the resources necessary to be able to make a significant financial contribution to our children’s education while also attending to your eventual retirement.

There are multiple items to consider when addressing the educational funding issue that can be helpful for families, including:

  • What asset should or shouldn’t be held in the child’s name
  • How to intelligently use school loans
  • The use of 529 plans and other educational funds
  • Having multiple generations assist with school funding
  • Addressing the realities of the financial strain of funding higher education

Taking the time to investigate your financing options for school can help to make life easier for you and your child. Addressing these issues as soon as possible gives you the necessary time to proactively approach the challenges of college planning. Contact August Wealth Management to set up an appointment to discuss the wide spectrum of items to consider in planning for your child’s education.

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