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Educational Funding

Two or three times a year, most parents of college-age children face an unnerving experience: writing a check for their son's or daughter's tuition and the related expenses associated with their upcoming quarter or semester. With college costs rising faster than the rate of inflation, parents may find the last check they write for their child's senior year is significantly higher than the one they wrote four years earlier, when their child was just a freshman.

tpbs Family Wealth Advisors will assist you in implementing a college education funding strategy that will ease the burden of college tuition and related costs. The Internal Revenue Code now includes a code section that allows for the creation of Qualified State Tuition Programs (529 Plans). 529 Plans also have investment, tax and estate implications that extend far beyond their basic purpose of education funding. Other techniques that lessen the burden of education funding include Educational IRAs and gifting strategies that also serve estate planning needs.