Advantages of College Savings Plans
Once you pay tax on the money you contribute you don't pay tax on the earnings or when you use the funds for a qualified educational purpose.
Everyone Can Contribute
College Savings Plans are a great gift idea because anyone can start one or contribute by making a one time gift or an automatic monthly or annual contribution. An account can be started with as little as $250 and you can make monthly contributions starting at $25 a month.
Can Be Used At Schools Nationwide
Funds can be used at any accredited university, college or vocational school nationwide. In general, if an institution has a student aid program they qualify.
A resource for common questions regarding saving for college. Learn about who can contribute, when to start saving, how to prioritize college and retirement savings, and what happens if your kid doesn't go to college.
A free calculator to help you get an estimate of how much a specific college might cost by the time your student's ready for school and how much of the cost your monthly or annual savings might cover.
A look at the different types of Tax-Advantaged College Savings options and the pro's and cons associated with each option. A helpful tool to help determine which plain is suitable for you.
About Custer Financial Advisors
Custer Financial Advisors exists to educate and empower client’s to makefinancial decisions that will have a positive impact on them and their families for generations to come.
A few things you might like to know about Custer Financial Advisors:
- Offices in Zeeland, Jenison, Grand Rapids, and Ludington.
- Team of four advisors who work together to address every client’s unique situation
- No charge for meetings and you can find out about our Fees and Costs here
- Personal finance blog you can subscribe to for free
- Proud to be a local SmartVestor Professional with the Dave Ramsey program
To take the next step, fill out the quick survey and one of our advisors will get in touch with you. You can also give us a call at 616-748-4919 or email us at CusterFinancial Advisors@lpl.com.