How can the Financial Planning Process at Sage Rutty Help me with Saving for College?
As you can see, many investment vehicles are available to assist you with saving for college. In addition to the alternatives mentioned above, there is the Education IRA, Uniform Gift to Minors account, trusts, and taxable and qualified investment accounts. Decisions as to ownership of the savings account (custodial vs. parent) must also be made. With so many alternatives available, our professional financial planners will weigh the advantages and disadvantages of each, consider the interaction and tax consequences, and make recommendations that will be the most appropriate and beneficial for your financial situation.
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