At some point, every parent asks themselves a version of the same question:
“Will we be ready when the tuition bill arrives?”
Whether your child is two or twelve, the cost of education looms large and it’s rising faster than most paychecks. The sticker shock can feel overwhelming. But the good news? There are smart, flexible strategies available to help you plan ahead, and potentially reduce your tax burden while you do it.
In this whitepaper, we walk through three of the most widely used education savings tools:
- 529 College Savings Plans
- Coverdell Education Savings Accounts (ESAs)
- Prepaid Tuition Plans
Each has advantages and limitations worth understanding before you commit dollars to any one strategy. Our aim is to help you make confident, tax-savvy decisions aligned with your family’s goals.
