When it comes to financial planning and securing a comfortable future, …
Services
Education Planning
Biondo Investment Advisors offers financial planning for education and college savings for your children and grandchildren. The cost of higher education is often a moving target, and each type of educational savings strategy has its own unique set of pros and cons. Deciding on the best one may seem difficult, but our Financial Advisors can help you navigate the options, develop an education savings plan within your individual timeframe and manage the path to stay on track.
Most states offer a 529 tax-advantaged college savings plan authorized by Section 529 of the Internal Revenue Code. Other options include Coverdell Education Savings Accounts (CESA), and custodial accounts such as Uniform Transfers to Minors Act accounts (UTMA).
If you know tuition bills are in your future, it’s never too early to start education planning.
Education Planning
Prepare for Future Expenses with Education Savings Planning
The average annual cost1 of a four-year university has skyrocketed. While most parents expect their children to attend college – not many have a plan to pay for it. Additionally, a high percentage of students graduate from college with significant student loan debts.
We realize that education planning can be overwhelming and because it may be many years away, it’s easy to put off. Understanding the world of education and college savings plans can help make the process easier.
There are a variety of investment vehicles and tax-efficient options to contribute to the cost of higher education. Our experienced financial management team is here to help you determine how much to save for college, and develop an education plan that fits your family’s needs.
Education Planning
Support Your Child’s Goals with an Educational Savings Plan
Supporting a child’s education can be one of the most rewarding and important elements in your financial plan. There are many financial considerations as you plan and save for educational expenses, such as:
- How much can I afford to contribute towards college costs?
- What are the tax benefits of each type of education savings strategy?
- When should I begin saving for education?
- What happens to the education savings plan if they don’t go to college?
- Are there contribution limits?
- What expenses will my education savings plan cover?
We help you navigate these considerations, providing solutions tailored to your funding needs. With rising inflation and the high cost of education, planning may require an early start. As your trusted partner, let our knowledge and professional guidance get you started with your education savings planning.
Why Choose Biondo Investment Advisors?
The families at Biondo Investment Advisors have education savings goals just like you. Our Financial Advisors will develop a comprehensive plan that meets all your family’s needs for today and anticipates those in your future. Speak with us and experience the benefits of:
Our personalized counsel and service to help you reach your goals.
Helping you understand your options for educational savings, while also staying on track for other goals, such as saving for retirement.
Getting answers to the specific questions you need to know about your lifestyle objectives when planning for your future expenses.
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