A Houston 529 College Fund is a great way to keep track of your college expenses. A student embarking on a new journey towards higher education, your finance is one of the first things to get down. A 529 plan is a way to build your college savings plan, which also gives you tax and financial aid benefits. Keeping track of your own funds can be difficult as more payments arise. Potter Financial can assist you with planning for such a future.
About Our College Savings Plans
Investments are a good way to secure the money you already have set aside. However, learning what you need to know about college savings can take time. The owners of Potter Financial are brothers who have 6+ years in financial services. Their business aids in setting up a good plan for a college scholar.
A serious college student wants to be able to focus on their classes and enjoy the campus experience. Though pertinent in everyday life, one of the last things a college student wants to worry about is how they will pay for everything. Such worry adds stress to the multiple tasks he or she will already have in with the various syllabi he or she must keep up with for classes.
Potter financial takes the edge off. As a parent, by creating an education savings account, you can potentially save more on your child’s college tuition. It is an account solely centered toward being tax-free when spending on the funds on educational expenses. This means supplies such as books, writing material, writing materials, and etc. are not taxed, thus saving you money for each purchase in the long run.
If you invest today, saving for college materials is not the only way you can benefit. We all know the cost of living can be high, especially when in an area that is a college town. Room and board is also an educational expense most would be more than relieved to benefit from. This higher education tuition program allows you to breathe easy while your college student pursues their future career.
Types of College Accounts
We offer various types of accounts designed to help you save for your child’s college education. Through careful planning and close attention to detail, we’ll work towards finding a comprehensive savings plan to fit you and your family’s financial situation and financial objectives.
A managed account allows Potter Financial to buy, sell, and/or manage the clients’ investments and funds. This is a good way to macro manage your account by keeping an eye on it but with a more hands-off approach. Potter Financial does all the leg work while you are consulted about decisions that may arise.
Other College Fund Options
Investment options in the Houston area are not only limited to account management. Potter Financial also provides consultation with financial advisory as well. Educating clients concerning their financial criteria is just as important as providing account services for them. Numerous options are presented to you as a client to better scope your financial needs, thus providing security to your investment.
Such options include but are not limited to:
- Developing an investment strategy
- Connecting with tax preparers
- Access to numerous stocks
- Setting personal and/or family goals for investing
How We Can Help You
Now that you know the options you available to you when joining Potter Financial, let’s get into how it’s done! After educating their clients, a free consultation is provided. This is where they evaluate your finances and explain options best suited for your situation.
Though we can’t get into them all, here are some of the financial terms they provide as options:
Mutual funds are where a company receives money from multiple investors and invests it in securities such as stocks, bonds, and short-term debt. Investors buy shares mutually in these funds. Each investor becomes a shareholder as it generates profit over time.
Exchange-traded funds are a plethora of securities where a mixture of investment types can occur.
Last but certainly not least is the essence of the 529 plan involving education savings. As previously discussed, this is a tax-advantaged savings account. You can save money for college education expenses that qualify by not paying additional tax fees. As we know, tax fees can accrue over time and potentially take a big chunk from your pockets. This option can especially be one to capitalize on, considering many of us barely have anything in them.
The 529 Experience
Now that you are aware of the option for your college tuition, don’t hesitate. The sooner you can save for your future, the better. Potter Financial provides you with the tools necessary to help you on your path to saving for the college education of your child. With Potter Financial, you’ll be able to rest a little more easily knowing that your child’s college fund will be created and guided by true professionals in the field.
Let’s face it, college, in general, is expensive. Tuition for the residents of Texas is no different. A plan manager, such as Potter Financial, is a good way to stay ahead of expenses. Whether you are attending U of H, Lonestar, or other colleges, the 529 college savings plan can possibly benefit you. By partnering with Potter Financial, you are taking time to reassess both you and your children’s future.
Contact Us Today to Learn More About a Houston 529 College Fund
Do not let the financial toll of college expenses cause you to worry anymore. This plan can essentially help you realize both your earning and savings potential. It is an opportunity you definitely do not want to miss out on. You can contact Potter Financial for your free consultation today. Get in touch with us by calling (713) 972-1316. Moreover, learn more about our financial services by clicking here. If you’re in Texas and looking towards college, consider the Houston 529 college fund to secure your future!
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