Education planning, Research, and Plan Selection
We help our clients navigate the process of trying to figure out how to save for their children's college or private school education (or their own). With a myriad of tax credits and tax advantaged products ranging from 529 plans to loans, the average person can easily miss out on finding the best way to fund college.
The process starts by figuring how education plan funding fits within someone's overall budget. We figure out how much money is required to be set aside each month to fund our client's education funding requirements and see if this objective is feasible. Once a savings amount is calculated we then explore which options are best for investing the assets. We have extensively researched 529 plans and can often recommend which plans to use and how to select the correct allocation within the plan.
As an added benefit, 529 plans provide for some unique estate planning features that make it a good option for grandparents willing to gift some assets to their children or grandchildren.
We can also help clients navigate the legal requirements associated with hiring a nanny.