Education Funding

Let’s talk about education funding…

Did you know “As of 2019, 1 in 4 Americans have student loan debt, which is an est. 44.7 Million people. Americans also now owe more than $1.53 trillion in student loan debt, with the average student loan debt amount of $37,172 and monthly payment of $393 based on the most current figures available to Nitro.”

Is there a better way?

What if we can show you how to save for your child’s College, first home, and even retirement if you continue to contribute after college and all while being covered with a death benefit? The proceeds are income-tax-free and provide you with the choices you deserve. Call us today to get started.

Let's Talk Savings vs. Scholarship expectations

“A 2019 TD Ameritrade survey revealed that 62% of parents expect college scholarships to cover more than half of their child’s college tuition. In reality, only 2% of high school athletes will receive a college scholarship of any kind, even a partial one. Here’s the reality, parents: While organized sports offer a great way for your child to learn valuable life lessons and develop their skills, they’re far from a scholarship guarantee. To truly set your child up for success, you have to start saving for college as soon as possible — and I believe a 529 plan can help”.

Explore how a 529 plan can give your family peace of mind while letting your scholar thrive.

Parents and Grandparents that think ahead take advantage of the 529 Plan up to the State’s limit as long as the funds are used for expenses directly related to education. There are tax advantages associated with the 529 both on the contribution and withdrawal side as long as you stay within guidelines.

5 Quick Facts about 529 plans

(1) There are no account minimums to open a 529 plan

(2) 529 plan funds can be used to pay for most higher education expenses

(3) 529 plan beneficiaries can be changed

(4) 529 plans feature tax-free earnings

(5) Many states offer their own 529 plan tax benefits, as well