Saving for a Child's Education

Saving for a Child's Education

"How much money should I save for my child's education?" This is a question that can best be answered by meeting with your Investment Advisor. The amount you’ll need to save is impacted by many factors, such as:

  • The length of time you have to save
  • Public or private school
  • Eligibility for financial aid
  • Inflation rates for college tuition

Choosing a Funding Plan

Your Investment Advisor can help you select the education funding plan that best suits your needs. Learn more about different education savings plans here.


Other Factors to Consider

Keep in mind that while transferring assets to your child may offer you tax benefits, it can have a negative effect on the child’s ability to qualify for financial aid when it comes time to do so.

The need analysis formulas used to determine financial aid assume that a child contributes a greater portion of his or her assets (and income) than the parents. That means tax-sheltering strategies often significantly reduce eligibility for financial aid. Be sure to discuss both the tax implications and financial aid implications of asset ownership with your tax professional.

Start Now

Schedule an Appointment

Amplify Wealth Management provides an investment advisor registered through CFS who will sit with you to understand what is important to your financial success. Whether you are looking for investment advice, education planning, estate planning, or growing your business-- they can help you.

Schedule an Appointment

BrokerCheck

Check the background of this firm on FINRA’s BrokerCheck.

Click below to get started.

RSVP Now

Invest on Your Own

If you like to make your own investment decisions, Amplify Wealth Management provides a solution through CFS for online investing in stocks, options, and mutual funds. The platform provides quotes, charts, analyses, and tools to help you screen mutual funds. This tool gives you 24-hour access to the information you need.

Invest on Your Own