Saving for Your Child’s Education
You want your kids to go to college. They're not the only ones with homework to do.
With tuition costs rising faster than inflation, the challenge of funding a child's education can be daunting. The wide variety of funding options available can further complicate your task. Student loans, financial aid, tax credits, and several tax-advantaged savings plans, including IRAs, are all possibilities.
It's important to fully understand each of your available options in order to develop a comprehensive plan. Starting this process as early as possible and staying on course will be the key to your financial success.
Our CFS Financial Advisors focus on three main areas when helping you to develop a savings plan for your child:
• Determining your savings needs
• Assessing your budget
• Determining the right mix of funding options
Our CFS Financial Advisors will help you manage your plan by periodically reviewing your portfolio and recommending adjustments to reflect major life changes, market conditions, and the economy.
Call or email us for a free no-obligation consultation.
To make an appointment or just ask a question, call Financial & Investment Services at 800.852.5886 or email us today!
Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. UMassFive College Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
CFS and its Financial Advisors do not provide tax advice. For such advice, please consult with a qualified tax professional.