Top Content Curve

Education Planning

How to Save for a College Education

Starting early is an important step you can take to ease the burden of meeting college costs. However, even if your child is approaching high school graduation, there are still some steps you can take to prepare for financing this important asset.

back to top
Divider

What are my saving options?

There are several key factors to consider before you set up an account to fund a college education:

  • How much do you want to save?
  • What are the tax benefits of the account you have chosen?
  • Do you want to save in your name or your child's?

You can choose from many types of accounts to fund a child's education. In recent years, your choice has increased with accounts that are specifically designed for college savings:

  • Education Savings Accounts
  • 529 College Savings Plans

You can also save for college through several traditional accounts:

  • UGMA/UTMA Custodial Accounts
  • Trust Accounts
  • Standard Savings Accounts
back to top
Divider

How can I open an education funding account?

For more information contact your Financial Advisor or find the Branch Office nearest to you.

Divider
back to top

Our firm and its affiliates are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matters(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Please contact your advisor for more information about available products, services and research.

For more information, please contact your Financial Advisor.

Bottom Content Curve