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Saving for College

Saving For College

There’s no denying the benefits of an education: the ability to compete in today’s job market, increased earning power, and expanded horizons. But these advantages come at a price. And yet, year after year, thousands of students graduate from college. So, how do they do it?

Whether they want to grow up to be a farmer or a firefighter, as parents and grandparents we want to support them and their dreams, as best we can.

At DFCU, one of our CUSO Financial Services L.P. (“CFS”)* Financial Advisors can help you; help your children and grandchildren by:

Discussing the different plans available and uncovering what’s best for your family:

  • 529 Plans**

  • Coverdell Education Savings Accounts

  • UGMA & UTMA Custodial Accounts for Minors

Answering questions frequently asked by grandparents:

  • Will Medicaid count my grandchild’s 529 plans as a part of my assets?

  • Can I access the money in the event of an emergency?

  • Can a 529 plan affect my grandchild’s chance of receiving Financial Aid?

To learn more about higher education planning needs, contact us today to schedule a complimentary, no-obligation appointment.

**There are additional fees associated with 529 savings plans. Investments in 529s involve investment risks. You should consider your financial needs, goals, and risk tolerance prior to investing.

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