College Planning

Saving for your child’s education takes careful planning and dedication. As your trusted financial advisor, Stonestreet Financial, Inc. will help you create a college fund and keep it on track as the years go by and circumstances change. We’ll work with you to figure out how much you need to save, how to leverage tax breaks to reach your target, and how to set up the kind of savings plan that will coordinate with your overall financial goals.

Together, we’ll analyze your financial situation to identify which savings plan is best for you and your family. One option is a 529 college savings plan that offers tax and financial aid benefits. The earnings are tax-deferred and distributions are not subject to federal tax when used for higher education expenses. Another option is a Coverdell Education Savings Account (ESA). This type of tax-deferred trust account also allows you to withdraw money tax-free for educational expenses at a qualified institution.

Get your financial advice from a trusted wealth management firm that will guide you through the process of financing for your child’s college education. Request a free consultation online to get started or call 781-436-5421 now.

College Savings Plan Services:

• 529 plan selection
• Cost and savings assessments and prediction services
• Tax-sensitive investment counseling
• Coverdell Education Savings Account (ESA)
• College savings trusts
• Portfolio management