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!
Disclosure: The is not intended to be a substitute for professional investing advice always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning.
Peter Raskin is a registered representative of Lincoln Financial Advisors.
Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.
Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.