Back-to-school season is upon us, which serves as a great reminder to consider how you can help your children or grandchildren fund their higher education. 

There are two main options to consider: a 529 plan or a Roth IRA. 529 plans are well-known and a popular option, especially since under the new tax laws, distributions can be used to cover the cost of attendance at a public, private or religious K-12 school in addition to higher education. However, a Roth IRA can provide more flexibility, allowing you to earmark as much or as little as you want for higher education expenses. 

To learn which of these two options is best for you, download Planning to Save for Higher Education: Roth IRA vs. 529 Planpdf

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For professional assistance with your education planning needs, contact our office at (877) 714-2362 to schedule a time for a visit!

Click here to view our video course on Income Planning: http://wealthfinancialpartners.net/

 

 

For more IRA Expertise, contact us!

Walter F. Pardo, Founding Partner

An Ed Slott Master Elite IRA Advisor

22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938

Phone (877) 714-2362 | Fax 1 + (908) 325.0008

info@wfp-taxes.com

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