College Planning
Many of the education plans available today offer tax advantages that lessen the financial burden by reducing the amount you need to save. Educational costs have been increasing at a rate greater than the general level of inflation. We cannot control these increasing costs, but we can effectively save for these goals using the right type of savings plan.
Factors to Consider
There are several factors you should consider when choosing an education savings plan for your family:
- What is the potential for growth and risk of loss within your plan?
- What are the tax implications of your plan?
- Who has ownership and control of the assets within the plan?
- How easy will your plan be to manage?
Types of College Savings Plans
The costs of college and education aren’t the only thing on the rise… there are also a greater number of ways to save for college and even primary and secondary education than ever before. Ziegler's expert financial advisors are here to help guide you through the myriad of investment vehicles available to our family, and to help you choose the right investments within the vehicle that’s right for you.
Custodial Accounts (UTMAs and UGMAs)
Coverdell Education Savings Accounts (formerly Education IRAs)
College Saving Plan Comparison Chart (download PDF)
As part of your overall financial plan, your Ziegler financial advisor will determine your college and education funding needs, and create a plan tailored to help you meet your goals.
Our planning services are not financial planning (unless they are specifically called investment consulting services). They do not create an investment advisory or a fiduciary relationship (including under ERISA) between you and B.C. Ziegler and Company. B.C. Ziegler and Company will prepare a financial plan at your specific request through NaviPlan.
Investment consulting services are offered at B.C. Ziegler and Company only through investment advisory programs and are not available through traditional brokerage accounts and products. Please speak with a Ziegler Wealth Management Financial Advisor to further discuss the differences between brokerage and advisory products offered by B.C. Ziegler and Company.