Why Should I Save?
With college costs rising rapidly, preparing for this significant expense is important. College tuition is continuing to increase in price, but the value of a college degree is immeasurable in today’s economy. With a tax-efficient account, you can put a small amount of money away at a time and allow those funds to gain interest and grow, giving you more value for your dollar.
How Should I Save For My Child's College Education?
There are many ways that families can save for their child’s college education, including tax-efficient investment accounts. One option includes savings plans, such as the 529 college savings plan, which offers large tax advantages. Before investing in a 529 Plan, investors should consider whether the investor’s or designated beneficiary’s home state offers state tax or other benefits only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax-free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
How Can HighPoint Help Me?
At HighPoint Advisors, LLC, our team of professionals is experienced and knowledgeable about all the different ways you can save for your child’s college education. Our experience in the field allows us to find an appropriate option to meet your budget and lifestyle. We can also help you with other aspects of your financial planning so you can take care of your financial needs under the same competent team of advisors. Contact us today to get started.