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Education Planning Archives | Wealthspire Advisors

Mar 23 2020
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education transitions

Special Needs & Special Education Planning: Education Transitions K-12

Video
During increasingly uncertain times, many are wondering how special education services may be affected. Even in times of relative stability, it remains important to be aware of some key concepts that come into play with special education. In this first installment of our series of conversations on special needs and special education planning, we explore the main aspects of education transitions from K-12. SVP of Trusts & Estates Nicole Hart speaks with Marion Walsh, partner at Littman Krooks, LLP about what you should know and how to navigate this often challenging process. For additional information, please see Marion’s recent post on…
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Oct 02 2019
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education planning

FAFSA: Act Quickly and Strategically to Maximize Benefits

By Blog
Starting October 1, this year’s Free Application for Federal Student Aid (FAFSA) is now available for current and prospective college students. The FAFSA determines a student’s eligibility for Federal grants and loans and is used by schools to craft a student’s financial aid package. Everyone, regardless of income levels, should fill out the FAFSA because it is necessary even for merit-based scholarships. Maximizing Your Potential Financial Aid File the FAFSA as soon as possible after October 1, as some financial aid is awarded on a first-come, first-served basis until the money runs out. In fact, based upon the most recent…
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Apr 18 2018
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college savings

An Unconventional College Savings Account

By Blog
If you are looking to set money aside for your child or grandchild’s education you are likely considering a 529 plan, a custodial account, or possibly a trust. Each of those accounts have positive and negative qualities, which my colleague, Eric Dostal, highlighted in a previous blog post. However, there is another option that is a bit unconventional for college expenses – a Roth IRA. I am a big fan of Roths and I have previously written how individuals over the income limit can fund an account annually via a backdoor contribution. Roths offer tax-free growth, virtually unlimited investment options,…
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Oct 19 2017
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education planning

How Do Savvy Investors Plan for Education Expenses?

By and Guides & Whitepapers
A colleague of ours recently shared an interesting story from a baby shower she attended: along with the standard gift registry, the parents-to-be established a 529 college savings plan for their not-yet-born child, sharing the details along with the shower invitation (also mentioning, of course, that the beneficiary would be established once they had a Social Security Number). Though this example may seem extreme, it illustrates a changing reality for many parents: that advanced planning and a long-term strategy for financing your child’s education are becoming more of a necessity than a luxury. Education funding is one of the largest…
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