College Saving

College Saving and Funding Plans

As education costs continue to rise each year, affording the cost of college requires developing a plan to meet the funding needs for your loved ones. We can help you navigate through the complexities of college planning, to meet your unique savings and funding goals. We can assist with:

 

  • Facilitating important conversations about college planning and funding options with you, your child, and your extended family.
  • Determining educational costs for public or private institutions, and project future costs based on historical inflation.
  • Establishing savings goals and an appropriate savings rate to meet your goals.
  • Recommending suitable savings vehicles based on your present and future income, tax status, and need for control of the assets.
  • Reviewing your entire investment portfolio to make sure paying for college doesn’t impede your progress toward achieving your other life goals.
  • Considering distribution options such as using funds from your retirement or investment accounts, distributions from 529, UGMA/UTMA, or other types of investment accounts.
  • Obtaining information on how to apply for student loans and financial aid, insurance considerations, and more.
  • Discussing basic financial planning and budgeting with your college-bound student.

 

Tax-Advantaged Education Savings Programs

 

  • 529 College Saving Plans
  • Uniform Gifts to Minors/Uniform Transfers to Minors Accounts (UGMA/UTMA)
  • Coverdell Education Savings Account

 

Janney College Savings Planner

Our Janney College Savings Planner calculating tool allows you to input your college funding goals, examine your total projected costs, and estimate the monthly amount you need to save to meet your objective.

Janney's Education Evaluator

Janney’s Education Evaluator can help you understand if you are on track to meet your education savings goals. Your evaluation will provide answers to these important questions:

 

  • Which assets will be used to pay for a student’s education?
  • What do the schools we are interested in cost?
  • What do I need to save to pay for all or part of a student’s education?
  • How much more should I be saving to best position myself to meet my college funding goal?
  • Which accounts should I be using for college savings?

 

Let’s discuss your college savings and investing needs today, and we can help establish a plan to start saving or check-in on your progress to ensure you are on track to meet your educations savings goals. Contact us for more information.

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