South West Houston 529 College Savings Plan

Have you been thinking about opening a South West Houston 529 College Savings Plan for your child? Having a college savings plan is something every parent should do. The charges and expenses for a public four year Texas college can be very costly. Yes, there are other options, such as state public financial aid, but it’s imperative that you start saving for college early to pay for your child’s education. Potter Financial can help you save for college with services such as a 529 college savings plan. Don’t wait until your child is in high school or community college; the sooner you start saving, the brighter the future will be for your child.

South West Houston 529 College Savings Plan

South West Houston 529 College Savings Plan

When it comes to your child’s higher education, you should never compromise on the services you acquire. With Potter Financial, you’ll receive a one-on-one consultation that will help you on your way to saving for your child’s college education. With over a decade in the financial services industry, we are sure of our ability to assist you on your way to achieving your financial goals. Above all, we believe that with careful planning and attention to detail, financial success really is possible. So if you’re starting to save or invest for your child’s future, it’d be in your best interest to contact Potter Financial.

South West Houston 529 College Savings Plan and More

Attending a university is one of the best experiences a person will through. The college years are some of the most fun and beneficial. Additionally, there are countless things to learn during college. On the flip side, figuring out how you’ll pay for your child’s higher education can be very stressing. Fortunately, saving for college is completely doable as long as there is a good plan in place. With Potter Financial, you’ll have a partner that will work based on your current financial situation to find the right financial path for you. Whether that means a 529 savings plan or another type of investment account, we’ll find the right one for you.

Great Savings for a Great Education

Attending college brings many benefits to a student’s life. For one, a college degree will establish credibility and strengthen key social and core skills. Additionally, the university experience will help your child find and keep a strong support network. Each day spent in college is a day full of learning. With that being said, the cost of attending college can divert some form ever attending. Many parents rule out the possibility of a college education once they see the hefty tuition bill.

Here are some of the ways you can pay for your child’s college education:

  • Work-study or out-of-school employment
  • Scholarships and grants
  • Student loans
  • Choosing to commute rather than staying on campus

Despite the fact that these options offer a way to pay for college, come can restrict your child’s choices of where they will attend. For example, scholarships offered by one university can’t be used elsewhere. And in the case of loans, some carry extremely high-interest rates that can be eliminated even if you file for bankruptcy.

College Savings

Comprehensive savings plan

Sure, your child could work throughout the school, and that would build character. On the other hand, working during school means less time studying and networking with higher-level professionals from their fields. As you can see, all of these options come with a certain setback. So what options are best for you?

Paying for Your Child’s Education

By opening an education savings account managed by Potter Financial, you will be able to save money for educational purposes easily. An education savings account, such as a 529 Savings Plan, is a tax-advantaged designed to help you save up for your child’s college education, and it will actually reward you for it. All the earnings in an education savings account will be tax-free when used for educational purposes. So the costs of tuition, fees, books, supplies, room, board, and more can all be covered with money that you invest in now.

Educational savings accounts will vary in aspects such as flexibility, actual ownership, and more. For instance, the earnings in a 529 Savings Plan will be filed under the parent’s name and don’t have to be reported on the student’s FAFSA.  Even more, with a 529, you’ll also have the option to adjust the beneficiary from the account from one child to another. Conversely, a UTMA/UGMA account won’t provide either of the benefits that come with a 529 account.

All of the details and intricacies of these accounts will be discussed fully with the client in the consulting sessions. Above all, we’ll help you choose the right savings accounts for your specific situation, children, and tax returns.

Houston Financial Services

Experienced financial planners

Save and Invest for Your Child’s Future

An important thing to keep in mind is that investing is a great option for accumulating money with capital that you already have. Something to be aware of is that the stock market also comes with lots of risks. With that being said, the financial advisory services and account management of our firm will give you a greater chance of securing great savings for your child’s education. Our Financial Planners can assist you in a wide range of ways, including:

  • Reviewing your financial situation and goals
  • Learning more about family/personal finance, education savings, and investing strategies
  • Opening education savings accounts for your kids
  • Developing an investment strategy/portfolio that will help you achieve all of your financial goals
  • Providing clients access to 1000’s of stock/funds that individual investors can’t access
  • Overseeing and managing your investment portfolio
  • Managing and documenting eligible withdrawals
  • Connecting you with investment-savvy tax preparers

You can schedule your free consultation with Potter Financial by giving us a ring. Also, when you invest, you’ll realize that you have more money to contribute to the higher education of your child. The more savings you have, the brighter the future will be for you and your family. Contact us as soon as possible to start developing a personalized financial plan, and we’ll help you put it into action.

Contact Us Today

You will gain some great benefits from acquiring the financial services of Potter Financial. You can reach us by calling (713) 972-1316 or through our contact us form. Moreover, learn more about our South West Houston 529 College Savings Plan and other services by clicking here.

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