Planning for Your Kid’s Education
An education can take many different forms. Traditionally, we think of savings for college. 529 plans are often a topic that comes up frequently and is convenient for grandparents and other family members. Plus, they grow tax-free for some time. However, alternative ways to save for helping your child through school include a Roth IRA or a non-retirement account. There is value in preparing yourself, which will help you be ready to support your child. When parents are prepared, it’s no longer a burden, and they can provide additional support, including tuition, books, room and board, and more.
At Markle Financial, we take a slightly different approach by exploring other options to help prepare you to support your child financially through those events. Contact us to learn more!