Education Planning

Enriching lives for generations.

College tuition expense is one of the major and critical cash outlays in most family financial plans. Especially when your children’s college education is only a few years away, tuition planning can be challenging. Based on the information you provide us, our advisors begin with a realistic assessment of the expense and adjust key financial parameters, such as your savings rate and expense ratio, accordingly. The tax consequences of various strategies are carefully evaluated before deciding on a course of action.

Where feasible, we make use of 529 College Savings Plans, which can result in significant tax savings. Money contributed to these plans are usually exempt from federal or state taxes if used to used to pay for higher education at qualified institutions. If withdrawn for other purposes, however, the funds are subject to taxation as well as a ten percent penalty.