If current trends continue, four years of college tuition, room, and board will run well into six figures at even a relatively affordable public institution.
At D.K. Brede Investment Management, we’ll work with you to help you understand all your options and how they’ll impact your ability to effectively finance college tuition in the years ahead. We offer investment portfolios customized for your specific situation and review the plans periodically to ensure that the plan is on track to meet your student’s needs by the time they reach college.
Here are some of the tax-advantaged education savings plans that you can use, so your loved ones can enjoy all the benefits that a quality education provides:
529 Plans (Qualified Tuition Programs)
The fees, expenses, and features of 529 plans can vary from state to state. By investing in a plan outside your state of residence, you may lose any state tax benefits. In order to be federally tax-free, earnings must be used to pay for qualified higher education expenses.