In today’s world, a college education is a critical – yet costly – component of financial well-being. The price of tuition, housing, books, and food is only going up, and for the many students, a college degree comes with years of student debt. Saving for the college education of a child or grandchild through tax-advantage 529 plan can help future generations get a head start in life.

As a parent, have you ever thought to yourself that your kids have too many toys? Toys that they only play with for a moment and then discard? Instead of buying them something that could get lost, broken, or they’ll outgrow, consider giving them the gift of education instead. A 529 plan is a great way to save for their future education. This tax advantaged plan allows you to put money away and let it grow tax-deferred. As long as these funds are used for educational purposes, the distribution will be tax-free. Since anyone can contribute to the account, this is a lasting gift a grandparent or any family member can give for holidays and birthdays. Instead of the toy they will outgrow, give them a gift that will help them further their education and lay the groundwork for their future stability. How are you planning for a bright future for you children?

We can help you plan and determine what your child will need to attend college in the future. For further information, give us a call at 915-534-4006 or visit our website at heritagepremierfinancial.com.