It may be difficult to know where to begin when saving for a college education. Do you want to save for tuition only? What kind of schools are you considering (in-state or out-of-state, public or private)? Costs can vary significantly across the country. Do you want to plan with a national average cost or identify a regional average?
At Marotta Wealth Management, we help our clients meet their college funding goals by designing age-specific portfolios in tax-efficient 529 college plans. Our work for each client is tailored to meet his or her specific college savings goal. We then monitor and annually rebalance each account to ensure savings and investments are on target to meet educational funding goals.
The Art and Science of a Bond Allocation (529 Plan Example)
Adding more Stability to an asset allocation isn’t an easy issue. It takes science to know how much bonds you need. It takes artistry to gradually adjust your asset allocation over time.
Q&A: How Much K-12 Tuition Can I Reimburse from 529 Plan?
By flowing money through a 529 account, a Virginia tax payer could receive a $575 discount on their private school tuition.
No One Will Loan You Money For Retirement
If you have to choose between your retirement or your children’s college savings, choose your retirement.