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Education Planning

The birth of a child or grandchild is a joyful and exciting time in life. Of course, the desire to give this new family addition the very best possible future is of the utmost importance. Children grow quickly and before long they are young adults graduating from high school.

Early planning for future higher education costs is imperative.

Education savings plans, such as a 529 plan, can provide the funds to cover tuition, room and board and other education-related expenses and still allow a parent, grandparent, aunt or uncle to maintain control.

Financial Insights has experienced financial advisors who are skilled in education planning and available to guide clients through the exploration of various education plans, cost projections and the establishment of an education savings account.  Financial Insights’ expert advisory team produces college projections based on the age of the child that calculate expected future costs for public and private U.S. colleges. Various methods of funding are illustrated in the projection, such as a one-time deposit, annual deposits, or monthly deposits. When an education savings plan is established, the advisor monitors it on an ongoing basis.

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