Education costs being at an all-time high is proving it increasingly difficult to providing your children and grandchildren with the education they want and deserve. Whether you are currently paying tuition costs or planning for a future college student, it is vital to establish a plan that does not infringe into your retirement lifestyle costs or any other aspect of your financial portfolio. Even taxation rates must be taken into consideration when choosing an education savings plan.
Some of the top education plans available are as follows:
- 529 Plans
- Coverdell Education Savings Accounts (ESAs)
- Uniform Gifts to Minors Act (UGMA)
- Uniform Transfers to Minors Act (UTMA)
Due to the fact that Esoteric Wealth Partners is an un-biased consulting company we are in the very fortunate situation that allows us to focus on strategies that benefit our clients and not the corporate agendas that drive decisions for the big Wall Street firms.