For many people today, saving enough to fund their children’s college education can be a daunting process.

Two of the most common questions we receive are:

How much will college cost?

Figuring out how much it costs to fully fund four years of college is a difficult task. While college websites publish how much tuition is, it is important to remember that there are many other costs and factors that need to be accounted for, such as the cost of room and board, books, personal care, and inflation.

How can I save for college?

The options for saving for college can be overwhelming. Deciding on what option will work best will depend on your current and future financial situation and goals. The three main investment vehicles are:

  1. 529 College Savings Plans
  2. Coverdell Education Accounts
  3. UGMAs/UTMAs.

Our goal at Carroll Financial is to make it simple. We will help you determine the most appropriate plan, funding amount and allocation to help you achieve your college planning goals.

With this service we can help you make sound investment choices within a 529 plan, regardless of account size or where the plan is held. Our process will ensure that you have ongoing reviews of the account, recommendations that are aligned with your financial goals and personal contact with your advisor to adapt and change as your child approaches college. As is the case with everything we do, our primary goal with this service is to earn your trust by the keeping the focus on you, your family and your overall financial goals.

 

Disclosures: Investors should consider their investment objectives, risks, charges, and expenses associated with municipal fund securities before investing. This information is found in the issuer’s official statement and should be read carefully before investing. 

A cup of coffee & a second opinion

We would like to offer you an honest, complimentary second opinion about your financial plan with an advisor you can trust.

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