Why start planning for an education now?
With the price of a college education in the U.S. consistently rising, it’s never been more important to start planning ahead. By getting an early start with a college savings plan, you can help offset some of the expenses for your child or grandchild.
There are a couple of different savings vehicles that can help fund your child’s higher education, such as:
- 529 Savings Plan
- Coverdell Education Savings Accounts (formerly known as the “Education IRA”)*
While 529 plans and Coverdells are specifically designed for college funding, there are other alternatives that could help cover higher education expenses. Work with your financial advisor to review your options and select a plan that works best for your family’s needs.
How can I get started?
Call today at 800-546-5721 or 217-258-3344!
*Raymond James does not offer Coverdell Education Savings Accounts as a custodian. However, they are contracted to offer these accounts through certain mutual fund companies.
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Securities are offered through Raymond James Financial Services, Inc., member FINRA / SIPC, an independent broker/dealer. Raymond James Privacy Notice.
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