West Houston 529 Plan

Do you have a West Houston 529 Plan? If not, and you have children, you should. Fortunately, Potter Financial can help you open and manage one of these accounts, known as a 529 Education Savings Plan. In fact, we can assist you even if you’ve already opened an education savings account. By working with a local financial services firm, you can possibly earn even more with the money that you invest. Below, we’ll explain with more detail how Potter Financial can possibly help you save even more money for your child’s higher education.

What is a 529 Plan?

If you’re searching for 529 plans, you probably already have some idea about what the plan is. However, a general idea about this type of savings plan doesn’t really paint the whole picture. A 529 Savings Plan is an educational investment savings account. Unlike a traditional investment account or a retirement account, the money you put and earn with this account can only be used for qualifying educational expenses. When you spend the money on these expenses, you don’t have a tax penalty. However, money spent for any other reason will be taxed severely. This account is meant to help you save for your child’s education. This isn’t an account you should expect to withdraw from as you feel so inclined freely.

West Houston 529 Plan

West Houston 529 Plan

However, it should be noted that a 529 Savings Plan does provide quite a bit of flexibility to parents. For one, you will list your child as a beneficiary, not as a custodian. This is helpful as you’ll typically always have control over the investments, even when your child becomes an adult. Thus, you even can reassign the beneficiary if necessary.

The educational savings account is also flexible in regards to when you can deduct these expenses. Fortunately, tax-free withdrawals are permitted at any grade level. From pre-school to Ph.D., the money in this account can be used to help foot the bill.

Why Choose A West Houston 529 Plan?

As you can see, a 529 College Savings Plan provides many benefits. When you combine those great inherent qualities with the benefits of local services, you’ll appreciate this account even more. Many people open 529 accounts online and get started investing in them right away. However, that’s not necessarily the best way to go about it. Instead, take some time to consult with financial planners and advisors. They can help you determine the optimal amount to save, as well as which securities you might want to invest in. As a result, you have the potential to see even higher returns on your investment.

When you work with Potter Financial, in particular, you’ll get a full outlay of your financial life. This analysis can reveal areas where you can cut spending and save more. You might also realize that your financial goals won’t be met without a change. Fortunately, the Potter Financial team doesn’t just plan; we can also help you manage your accounts. Whether you’re new to investing or you’ve been doing it for years, account managers are the first line of defense when the stock market starts to act weird. We can help by working diligently towards spotting the difference between a poor-performing stock and a poor-performing portfolio.

When you work with a local firm, such as Potter Financial, you get a personal advantage. We work hard to give clients a great experience when they meet with us. With Potter Financial, you can expect to receive friendly, responsive, and attentive support. Furthermore, you know that you’re working with a financial services firm that will work hard to help you get where you want to be financially.

South West Houston Retirement Planning

Personalized financial planning

Our Other Savings Options

Potter Financial is here to help you save for your child’s education. However, we can also help you do much more than that, as we briefly mentioned above. By using our investment services in combination with some of our other offerings, you can see a large shift in your finances for the better. Taking care of your children’s monetary needs doesn’t mean that you have to forsake your own. With Potter Financial, you can achieve your goals. And yes, we know we put an ‘s’ at the end of that sentence.

How often is it that a person only has one financial goal? Besides, most financial goals are long-term. That means that while you’re on your way to achieving one goal, another expense crops up. Potter Financial can help you develop a financial plan or retirement plan that accounts for all of those expected and unexpected expenses. Especially as is the case with retirement, you can never be sure just how much money you need, and for what. However, we can help you find a close estimate. Then, by managing your investment account, we can increase your chances of actually seeing that dollar amount in your accounts.

Mutual Funds

Retirement Planners

Great ways to save and invest

In many cases, mutual funds are the way to go if you want to make money with your money. No matter your specific goals, mutual funds usually provide the benefit of offering consistent returns. That’s because the fund managers have that precise mission: to work diligently year-round to strive for consistent returns. For every share you own of a particular mutual fund, you’re entitled to a relative amount of the earnings. While relatively low-risk, you aren’t likely to see eye-bulging returns from your mutual fund investments. Of course, nothing in the stock market is “sure.” But Potter Financial can help you find and invest in high-historical performing and well-managed mutual funds.

Call Us Today!

West Houston 529 Plan is a great way to save money for your child’s future. Potter Financial can help you identify how much you need to save and how much you need to earn. Furthermore, we can actually help you do so by managing your account for you. When it’s time to withdraw from the account, you’ll likely be very surprised. You can reach us by calling (713) 972-1316. Furthermore, you can learn more about our financial services by clicking here. Call Potter Financial or contact us online to get started.

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