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We all want the best for our children, which includes providing them with the best education possible. Whether you’re planning for private school or college, the question remains the same.
How will you fund it?
In this episode of Wealth Is in the Details Podcast, Peter Raskin takes you through the four options available to anyone who wants to provide education funding for a family member. He discusses the pros and cons of each option, emphasizing that only you and your financial professional can decide which one is best for you.
In this episode, you will learn:
- Why using a traditional savings account may be the most flexible option
- The downside of Uniform Transfers to Minors Act accounts
- Advantages of using a 529 plan
- How a Coverdell Education Savings Account works
- And more!
Tune in to learn four ways to fund your child’s education. It’s never too early or too late to start planning!