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Education Planning Archives | Wealthspire Advisors

Jul 09 2020
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student-loan-planning

Student Loan Planning

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As of May 2018, per StudentLoanHero, 75% of graduates from private, non-profit colleges held student loan debt, while 66% of graduates from public non-profit colleges did. As the cost of college continues to rise (well in excess of broader cost-of-living inflation), student loans are often a hotly discussed topic, with planning around them affecting an ever-larger group. The conversation on college and graduate school funding often evolves around which savings vehicle to contribute to (i.e. 529’s), the tax benefits associated, and withdrawing funds in a way that won’t adversely impact financial aid benefits. However, the other side to this conversation…
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Apr 01 2020
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education transitions

How is Special Education Impacted by COVID-19?

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How are special education services affected by the Coronavirus and social distancing? What can parents expect during this time? As a follow-up to the first installment of our series on special needs and special education planning, SVP of Trusts & Estates Nicole Hart sat down again with Marion Walsh, partner at Littman Krooks, LLP to discuss these common concerns and more. In case you missed it, please also see Marion’s recent post on tips for families in the wake of Coronavirus, as well as this post by the Special Education Legal Fund (SELF) with links to useful NY and CT-related…
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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

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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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