Once upon a time, colleges and universities were reasonably priced. Not any more. According to the National Center for Education Statistics, average tuition and fees are 13% higher than they were a decade ago. You might believe that the solution rests in sacrificing your retirement plan to send your children to college. But there are other means of financial support.
Many parents set up education accounts as soon as their children are born (or even earlier). The sooner you start to save, the better. But what if your child is already in high school? Is it too late? Regardless of when (or if) you started to save, we can help you develop a plan to manage your budget and put money aside for your child’s higher education.
Many tax-advantaged investment vehicles are available to help save for higher education. These include 529 plans, Coverdell Education Savings Accounts and tax-exempt bonds; more are being introduced. The CFG Advisors professionals can help you plan for colleges savings by sifting through the options and educating you about the details and fine print.
As an independent financial services firm, CFG Advisors has the experience to determine the beneficial financial solutions tailored to your specific needs.
As a business owner, your financial needs are as unique as your business. Count on us to help you find the suitable resources and benefits for you and your employees.
If you’re ready to learn more about building and maintaining your financial foundation, contact us for your no-obligation consultation.