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Education Planning, 529 Plans and Other Vehicles
Financial Planning
Estate Liquidity
& Survivor Income
Business Succession
Retirement Plan
Education Planning,
529 Plans and
Other Vehicles
Employee Benefit
Plan Analysis
& Design
Contract & Severance
Review & Planning
Plan Updates

Putting children through college is one of the largest expenses most families will face. In its most recent survey of college pricing, the College Board reports that a "moderate" college budget for an in-state public college for the 2016-2017 academic year averaged $24,610. A moderate budget at a private college averaged $49,320. That's why planning ahead is so important.

We can help you choose from the many available approaches such as custodial accounts (UGMA), trusts, parent's investment accounts, the Coverdell Education Savings account, and 529 Plans.

Which savings plan is best for you depends on many things such as how much you can invest, your adjusted Gross Income (AGI), how often you may want to change investments, who will own the account, etc.

Many experts agree that Coverdell Education Savings Accounts and 529 Savings Plans are the best college savings vehicles available. In the 529 Plan, the earnings and withdrawals for qualified higher education expenses are free from federal tax, there are no income limits, you can contribute until your account value reaches $300,000,1 and you maintain control of the assets. With the Coverdell Education Savings Account (formerly called the Education IRA) earnings and qualified withdrawals for education are free from federal tax, you can invest $2,000 per year, you can use the assets to pay school expenses from private kindergarten through high school, as well as college and graduate school, and there is flexibility to change investment options as often as you wish.

Please contact us for an analysis as to how much to save, what vehicle is right for you, and which investments are appropriate to meet your education objectives.2

1 Once the account value reaches $300,000 through investments or growth, no more contribution will be accepted. This limit can vary by state.
2 Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

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Capital Strategies, a Registered Investment Advisor

2 Barnard Lane
Bloomfield, CT 06002
Toll Free: 866-303-6797
Phone: 860-242-6797
Fax: 860-243-9650

Securities & Advisory Services offered through LPL Financial · FINRA/SIPC
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