Saving For College
When it comes to paying for college, it’s important to have a plan in place and a financial advisor guiding you through the process. We can help you get started on saving and stay on track throughout the years so your children can focus on getting the best education possible.
If you feel uncertain about which account to use and how much you should be putting away for college education, we can recommend the best plan for you. For many preparing for an education savings account, a 529 plan is the best way to save for future college expenses.
529 College Savings Plans offer benefits such as tax-free investment growth and tax-free withdrawals when funds are used to pay for higher education tuition expenses.
Starting a College Education Fund
The earlier you start saving for college, the more time your earnings will have to compound tax-free. But regardless of when you start a college savings fund, Granite Bay Wealth Management and our partner Accolade Financial will help ensure higher education can be in your children’s future.
Find out more about Accolade Financial here: https://www.accoladefinancial.com/
Every year Granite Bay Wealth Management holds an essay contest for Marshwood High School seniors pursuing higher education. Read about last year’s winner and see if your high school student qualifies to enter: https://granitebaywm.com/scholarships/
Take a minute to watch the informational video below and contact us with any questions you may have or to set up a meeting.