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Education Planning

Ease the Path to Higher Education With Education Planning

You probably began dreaming of your child's future the day you found out you were expecting. If the dream includes college, your college planning efforts should begin now. As the costs of college continue to rise, paying for college requires smart financial moves while your child is still young.

At 1818 Wealth Advisors, we offer education planning, a strategy that seeks to make it easier to fund college education. The strategy aims to save you from the financial strain and stress of securing the future of a loved one.

How Education Planning Works

An array of college savings plans are available and we can help you choose and maximize the right plan for you and your family.

  • 529 Savings Plan: A state-sponsored initiative. The funds you deposit and the earnings they generate are both tax-free, making it a highly advantageous option for college savings.
  • (ESAs): Education Savings Accounts are similar to 529 College Saving Plans, but there is usually a cap on the amount of money a person can deposit, and also, the contributor can't exceed a specific income level.
  • Custodial Account: Anyone, a friend, parent, or grandparent, can open a custodial account and deposit funds. They are able to oversee the investment while the child is a minor. Once the child reaches a specific age, such as 18 or 21, they have control over the funds.
  • Savings Account: With interest rates high, you can get a decent interest rate with a traditional savings account. This is also a good option if you think you might need access to the funds for other purposes.

Partner With Us To Today

Whether you intend to further your education, or finance that of loved ones, paying tuition fees should never destabilize you financially. Instead, you should use our custom-tailored education planning service to lighten the load.

We will assess your current financial situation, establish your educational goals, and then offer recommendations on how to best save. In the plan, we will recommend an educational investment vehicle that seeks to further lighten the financial load of tuition fees.

Contact us to have a discussion with one of our educational planners. 

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

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