EDUCATION PLANNING

The costs of higher education, both public and private, are skyrocketing.  Historically, the costs have been rising at around 6% per year (Source: College Board’s 2010 Trends in College Pricing, www.collegeboard.com).  Given the current reality, education planning is even more crucial to position yourself to have the ability to adequately finance your children’s education.  SCP can help clarify education goals and identify future potential costs.

Once we understand your unique objectives, we can provide you with a variety of education funding options and tools to help you reach your goals. 

Fortunately, there are a plethora of educational planning choices, many with significant tax benefits. 

  • 529 College Savings Plan
  • Education IRA
  • Custodial Accounts (UTMA/UGMA)
  • Coverdell Savings Plans
  • Pre-Paid Tuition Plans

Whether you’re interested in the qualified tax-free withdrawals of a 529 College Savings Plan, the gifting option of a UTMA/UGMA or the tax deductions available under an Education IRA, Schmitz Capital Partners can help you explore your options, guide you toward intelligent decisions, and help you start planning for the future academic aspirations of your children.


 

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