The cost of a college education has risen faster than the rate of inflation for nearly four decades. And no matter how well prepared you are to afford the expense, you should ensure that you are taking advantage of every tax deferral opportunity and the most effective investment vehicles available.
Whether you are planning for the education of your children or the next generation, there are a number of strategies to consider. BWC can help you evaluate the relative benefits of various options such as:
- Uniform Gifts/Transfers to Minors (UGMA/UTMA) custodial accounts
- Coverdell Education Savings Accounts (ESA)
- 529 savings plans
- Trust structures