Education Savings

Your children or grandchildren may be young now, but before you know it will be time to plan for college.  As college costs continue to climb each year, planning on how to pay for college can be extremely important.

Our advisors can help select the education savings plan that makes the most sense for you.  Some of the most common plans include:

  • 529 College Savings Plan:  A 529 plan targets college tuition and expenses.  It offers tax and contribution advantages.  Additionally, the plan stays under your control.
  • Uniform Gifts to Minors/Uniform Transfers to Minors Accounts (UGMA/UTMA):  This type of custodial account is one in which your child or grandchild ultimately controls.  The funds can be used for education as well as other expenses.
  • Coverdell Education Savings Account:  This plan offers tax advantages but does have a $2000 per year limit on contributions


In addition to helping you select an education savings plan, our advisors can also help you organize your assets to allow the greatest opportunity for your child to receive financial aid.