Introduction
- Planning for Your Children's College Education
- Tax Savings Opportunities
- Big Picture Preview
- Fund Your Retirement Plans First
- Don't Agonize–Get Active
Planning for Your Children's College Education
College costs are increasing at a high rate at both private and public schools. Four years of tuition and room and board at a private college could reach astronomical levels. And public colleges, although significantly less expensive than their private counterparts, are still costly. It is important to understand the choices and options available to you to help you plan carefully for this major expenditure.
Take some time to explore this section. When you've done so, you will:
- Have an idea about how much college will cost.
- Have basic information on investment alternatives you should consider.
- Know if it makes sense to own the investments yourself or to keep them in your child's name.
- Be familiar with alternative pre-funding plans and sources of loans when you haven't saved enough.
- Understand the various education tax incentives available.
- Have basic knowledge of the financial aid process and ways to improve your eligibility.
- Know where to go to get more information on scholarships.
- Be able to develop an action plan to best meet your overall college funding needs.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.