Houston 529 Savings Plan

Have you been looking to open a Houston 529 Savings Plan? If so, then you’d be making a great decision by contacting Potter Financial. With over six years in the financial services industry, we are fully equipped to give you high-quality consultation services regarding how to save for your child’s college education. Financial aid oftentimes is not enough for students to cover all of their college expenses. With our services, we can help with saving for college and paying for room and board, tuition, and other education expenses. Additionally, our plan managers will work diligently to get you a financial plan that fits your current financial situation and your future goals.

When dealing with college savings, you should never compromise on the quality of consultation services you acquire. With Potter Financial, you’ll receive expert one-on-one consultation to help you get a comprehensive savings plan. Our Texas college savings plans, such as tax-advantaged 529 plans can make saving for college easier than you might think. When creating a financial plan for you, we’ll take into account your current financial standing, future goals, assets, other accounts, and other important information. Consequently, we’ll do our best to get you a plan that works with your unique circumstances. Contact us today to learn more about us and our many services.

Houston 529 Savings Plan

Houston 529 Savings Plan

Figuring out How to Save for College

Deciding on what school a student wants to attend is only part of the process of attending college. Figuring out how to pay for school tuition is a discussion that may seem daunting at first glance. Fortunately, there are ways to save enough money for higher education. With good planning and attention to detail, paying for your child’s college education – and talking about it- will be much easier. Potter Financial is here to offer you expert advice on what ways to best save for your child’s college education.

Benefits of College Are Definitely Worth the Price

Despite the hefty cost of attending college, the benefits that come with a college degree are too impactful to pass on. A degree can dramatically help establish credibility and strengthen students’ core skills. Additionally, the university experience can also help students develop and establish a strong support network. Every day spent in college is a learning experience in a multitude of ways.

The unfortunate thing is when parents and students are discouraged from attending college when they realize how much a college education actually costs. In some instances, families will start to question the value of a college education. Here are some of the common ways that families pay for college:

  • Work-Study or working an out-of-school job
  • Grants and-or scholarships
  • Student Loans
  • Choosing to commute to school rather than staying on campus
College Savings

Comprehensive savings plan

These options to pay for school all come with their own set of drawbacks. Scholarships that are awarded by universities can’t be used anywhere else. Loans will carry high-interest rates that can be difficult to deal with. And although working while in school can develop vital traits in students, it also reduces the time students can spend studying or networking. After hearing all of this, you may be wondering what other options you actually have.

Finding Ways to Pay for Your Child’s Education

An education savings account, such as a 529 Savings Plan, is a great way to save for your children’s higher education. A 529 College Savings Plan is a tax-advantaged investment account that will help you save for your child’s college education and can reward you for doing so. The earnings from a 529 college plan are tax-free when used for educational purposes, from elementary school and high school and beyond. Consequently, your child’s tuition, fees, books, supplies, room, board, and other expenses can be covered with the money you start investing today.

College Fund

Invest in your family’s future

Moreover, an education savings account can vary in flexibility, official ownership, and more. The earnings in a 529 Savings Plan will be reported under the parent’s name and don’t have to be documented on the student’s FAFSA. With a 529 plan, you’ll also have the option to change the account’s beneficiary from one child to another. Accounts such as UTMA/UGMA accounts won’t provide the same benefits. Clients will be informed on all the specifics of each type of account to make sure they are as informed as possible when making their decision. Additionally, we’ll help you choose the most comprehensive savings accounts for your children, your needs, and your tax returns.

Investing in the Future of Your Family

One of the best ways to accumulate money with capital that you already have is through investing. Of course, it is important to note that there are risks that come with dealing with the stock market. Fortunately, with the right financial advice and account management, you’ll stand a far greater chance of securing great savings for your child’s higher education. The financial planner at Potter Financial can help you in regards to:

  • Reviewing and discussing details on your financial situation and goals
  • Opening education savings accounts for your family
  • Helping you develop an investment strategy/portfolio that’ll help you achieve your financial goals
  • Providing you access to 1000’s of stocks and funds that are not available to individual investors
  • Overseeing and managing your investment portfolio
  • Managing and documenting any type of eligible withdrawals
  • Connecting you with investment-savvy tax preparers

If you are interested in any of our services, then you should definitely schedule your free consultation by giving us a quick call. By investing, you’ll be making your money work for you and, in turn, will have more money to contribute to your child’s future education. The more you invest and save, the brighter of a future your child will have. Allow us to develop a personalized plan for you and your family. Additionally, we’ll also help you put the financial plan into action. Above all, keep in mind that it is never too late or too early to start saving for the future.

Learn More About Our Houston 529 Savings Plan

If you wish to learn more about our many services, don’t hesitate to give us a call. We can be reached by calling (713) 972-1316 or by clicking here. Moreover, you can learn more about our Houston 529 Savings Plan and our other services by clicking here.

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