Currently it is virtually impossible to obtain a desirable and financially secure career without some sort of higher education. We would argue that out of all the families for which we do comprehensive financial planning, a vast majority make it a goal to fund all or a portion of their children’s college education.
As we are sure you are aware, the cost for college is at an all-time high, continuously rising and does not appear to be slowing down any time soon. Due to this increasing cost, it becomes more and more difficult for parents to fully fund their children’s education, especially if you have not done any planning to meet this objective. WealthPlan Partners can partner with you in planning for this goal.
Through Planning, we can do the following:
- Model the projected cost of your children’s future college expenses
- Assist you in determining the appropriate percentage you wish to fund of the total expense
- Model a tax-deductible savings plan for you centered around your goals
Through our financial analysis and modeling, specific to your child(ren), we can help you understand the best course of implementation to reach your goals. Whether it be investing a specific sum of money now, systematically investing into an account on a monthly basis over a long period of time, or whatever the goal may be, we can help. Grandma and Grandpa can also contribute on a state tax-deductible basis!
By having the foresight to do the planning now versus later, you will be creating greater confidence that you could meet your goal. The accumulation & tax-deferred growth of your investment via the rule of compounding, has the potential to significantly increase over time. Contrary to what one may assume, no amount is too small or insignificant to invest.
Let us help you plan for the future of your children so they do not have to carry the burden of having student loan debt soon after they graduate college and begin their career.