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Education Planning

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Knowing how to pay for a child’s college education is daunting for most parents. You are already working hard to earn and save for other family needs that can take a big bite out of your financial resources. The key is to make the most of your money by taking advantage of education planning, beyond simply investing in a college savings plan, so you are not scrambling to make decisions at the last minute.

An Education Plan That Fits

Education planning strategies need to be customized to meet your family's needs. You may want to fund all of your child’s education, or only a portion of it. Or you may worry about overfunding a college investment account. Our goal is to reduce the stress and complications surrounding college planning with savings approaches that fit your situation. A 529 plan is a popular savings tool for many families because of the potential to grow funds in a reasonable time. This, however, isn’t the only strategy.

We can discuss all of your options for building college savings that provide the amount of funds you require based on your time horizon.

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

A Company That Works for You

Huffman Wealth Management is an experienced team who provides personalized financial strategies for our clients. Don’t let college education concerns linger when we can get you on the right track right away.

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