The overall cost of a college education these days can exceed $200,000. While saving this amount of money may seem daunting, proper financial planning in the early years of your children’s lives can make all the difference. But navigating the maze of financial products and tax consequences requires skill and knowledge. Custodial, Coverdell, 529, retirement and savings plans are just a few of the many vehicles available to save for education. Which one is best for you?
If your son or daughter is getting close to prep school or college age and paying for braces and sleep-away camps has taken priority, it’s not too late. At Berkshire Hills Financial, we understand you may feel helpless, but we can enable you and your child to take control of the financial process.
Contact Tom today for an initial discussion of education planning to help ensure your children’s future success.
“An education is one of the best gifts you can give your child. The time to start planning for it is now.”