Education Strategies

Will you have the resources available to help with your children’s education when it is time?


Saving to fund education is an extremely important and often overlooked part of one’s financial roadmap. It is never too early to start saving for your children’s education. Student debt is skyrocketing and historically inflation in college tuition has been significantly above the average inflation in the economy. There are several ways to save to fund educational expenses. You can pick from Coverdell Education Savings Account, 529 Plans and UGMA and UTMA Custodial Accounts*.

Which type of education savings plan is best? Each type of plan has its pro and cons. It is important to understand various implications such as funding amount required, investment options, withdrawal options, tax1 advantages and control of assets etc. A qualified Financial Adviser can help you navigate through the various options and create a legacy for which your children will be forever thankful.

*Securities offered through NYLIFE Securities LLC, member FINRA/SIPC

1Neither New York Life Insurance Company nor its agents or affiliates provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.



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