“AN INVESTMENT IN KNOWLEDGE PAYS THE BEST INTEREST.”
Higher education brings both financial and social rewards to us all. Statistics from the U.S. Department of Labor show a direct correlation between the education level one has achieved and the level of income one earns. Studies also show that on a personal level higher education promotes improved personal status, longer life expectancy and better health, and improved quality of life for the children of college graduates.* The Capital Preserve helps families prepare for these advantages.
A family must consider:
• What schools are within reach both financially and academically?
• How will savings be divided among children for college and/or graduate school?
When preparing for the funding of higher education, the first step is correctly estimating these costs. Before deciding between the many investment and savings vehicles available, it is our job to determine whether our clients and their families are correctly estimating these costs and saving the amount required to meet that need.
Funding options may include the use of:
- Qualified Tuition Programs, as described in Section 529 of the Internal Revenue Code;
- 529 Prepaid Tuition Plans
- 529 College Savings Plans
- Custodial Accounts (UGMA/UTMA);
- Educational Savings Accounts
The option(s) used will be coordinated with The Capital Preserve’s clients’ total Wealth Management strategy.
*The Institute for Higher Education Policy (February 2005), Washington, DC