I hope you had a great weekend! This is the last week of school for the kids!
LRPC’s Monday Morning Minute for this week, “Best Ways To Invest For Your Grandchildren’s College Education” (presented below) comes to you courtesy of Schwab. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share the most relevant information with you each week. This is a short piece I believe everyone can read in less than 60 seconds.
Managed to get your kids through college? Even if you are still working on that, this piece has valuable advice on how to invest for your children or grandchildren’s college education.
Have a wonderful week!
Best Ways To Invest For Your Grandchildren’s College Education
By Carrie Schwab-Pomerantz, Charles Schwab & Co., Inc.
- Investing for your grandkids’ education is generous, but first make sure your own retirement needs are covered.
- There are essentially four account options to choose from for education investing.
- Choose the account that offers the best combination of tax advantages and investment control for your purpose.
Investing in a child’s education is a wonderful gift. To do it thoughtfully, there are essentially four options to consider: a 529 plan, a custodial account, a trust account, or simply using your own account with the plan to make gifts to your grandchildren later. Here are the basics of each. [Read more…]