Many clients want to better understand what options they have to fund future college expenses for their children or grandchildren and there are several options available to you that help can you save on taxes as well.
Below are 5 possible ways to start funding a child’s or grandchild’s college education.
1. 529-College Savings Plan—These plans are state sponsored but the money can be invested in any state plan. The advantage to “529” college saving plans allows the investments to grow tax-free, as long as they are used for approved education expenses that includes tuition, room and board, travel …Read More