Education Planning
At Avalon Wealth, we can help you devise a strategy for funding your children’s or grandchildren’s education. Through careful education planning and making use of tax-advantaged accounts, you can minimize the impact of tuition costs on your current and future cash flow.
How Can Avalon Wealth Help Your Family Succeed?
If your children are young, venturing into the world of education planning can be overwhelming. Our advisors have helped countless families achieve their education goals, and we can help you, too.
Every family is different, and we take pride in being able to tailor our services to the needs of each client. In many cases, our education planning process involves the following steps:
- Understanding Your Education Goals
Whether your children or grandchildren are in high school or still in diapers, you likely have education goals for them. Our advisors will discuss your children’s education plans with you and help you solidify your goals for funding each child’s education.
- Creating a Projection
Once we have an understanding of what you’d like to achieve, we will create a projection estimating the cost of your children’s future education. This takes into account each child’s potential education path and projected future tuition costs. With this projection, you’ll have a clear idea of the funding you might need.
- Developing a Savings Plan
After we’ve created an estimate of education costs, we will work with you to develop a savings plan. This may involve opening tax-advantaged accounts and contributing a certain amount per month, per year, or simply a lump sum.
- Facilitating the Opening of Tax-Advantaged Accounts
One of the most common ways to save for education expenses is through 529 plans. Funds inside 529 plans can be withdrawn tax-free to fund qualified education expenses. We can assist you with opening and funding this type of account.
However, 529 plans are not the only available college savings account – there’s a wealth of different savings and investment options to consider. We will go over options with you and help you choose the account that fits your needs best.
Investing in Your Future Generations
Our fiduciary duty extends to helping you plan for the future education needs of your loved ones. We provide independent, unbiased advice tailored to your financial situation, with every decision made to further your educational planning goals.
Discover the Avalon Wealth Difference
At Avalon Wealth, we offer financial planning for every stage of life. Whether you’ve just sold your business, are planning to start a family, or are nearing retirement age, we can help you reach your financial goals.
If you want to learn more about investment planning or just want to see if we’re a good fit for you, contact us to schedule a complimentary meeting.
