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Education Planning

Remember when a college education was reasonably priced? Those days are gone, and that's why college planning is so important. Between 2001 and 2006, the average tuition and fees at four-year public colleges and universities increased by 35%. The average tuition for private colleges increased 32% between 1996 and 2006.

It is never too early or too late to begin saving for your child's education. Many parents start as soon as a child is born or even before that. On the other hand, if you are off to a late start, you may feel it's too late to start saving. But think again. Any planning and saving you can do is better than nothing.

You need a break.
A tax break, that is. Many higher education savings vehicles can provide one, such as 529 plans, Coverdell Education Savings Accounts, and certain kinds of tax exempt bonds. However, as the number of tax-advantaged college savings vehicles have increased, so have the details, rules and "fine print" pertaining to them. In fact, some of these tax breaks conflict with one another. We can help you sort through these options.

If you haven't begun planning, start now - there is no better time to get the ball rolling. You may be surprised how a little planning now can make a big difference in the years to come.

Call us today at 781-849-7200 to get started.