Tips for Saving for College from Top Wheeling Financial Advisor

Leading CERTIFIED FINANCIAL PLANNER™ professionals Offer College Savings Advice

According to Outside the Box Financial Planning owner Ivan Havrylyan, parents have a number of options to save for their children’s college funds. Below, the Wheeling-based CERTIFIED FINANCIAL PLANNER™ professionals offer 3 tips for saving for college:

• Start early! While this may not always be possible, starting early gives your savings more time to grow.

• Consider saving into a 529 college savings program, which provides for investment earnings to grow on a tax-defered basis. In addition, funds used to pay for qualified education expenses may be withdrawn free of tax.

• Also, consider a pre-paid tuition plan. These enable you to lock in tuition rates at eligible state colleges and universities. You can pay for tuition in one payment or through installments. While these can be a bit limiting, they may be a good fit for you.

If you have questions about creating a college savings plan for your family, contact Wheeling’s leading CERTIFIED FINANCIAL PLANNER™ professionals today to schedule a free consultation.