At KMG Wealth Management, we understand your desire to help your children or grandchildren receive a solid college education to help them start out right in life.
It might be hard to imagine now, but your children will be heading off to college sooner than you think. The question is – will your savings be ready too? With college costs continuing to rise faster than the rate of inflation, financing a child's higher education can be a challenge. Fortunately, there are sound strategies you can use to pay college expenses for your children or grandchildren while keeping an eye on your overall financial goals.
Just like any major financial goal, funding higher education can be achieved with commitment and careful planning. Starting at an early age to save for higher education can save you money later. Even if your child or grandchild only has a few years remaining before college, prudent planning can help you save the largest amount in the shortest amount of time.
Determining the best approach to save for education can be complex and often confusing. We will help you explore and analyze the various options available such as 529 College Savings Plans & Custodial accounts UGMA/UTMA.
There is no greater gift than to provide your family with an education that will shape their future.