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West Houston 529 Savings Plan

Have you been online searching for a West Houston 529 Savings Plan? If so, then you’d definitely be interested in the services of Potter Financial. With over a decade in the financial services industry, we have the expertise necessary to provide quality financial services. The services we provide include college savings plans such as a 529 college savings plan, savings options for college costs, and other forms of saving for higher education and all the education expenses that come with that. Above all, we aim to use our experience and knowledge to help clients reach their financial goals. Together, we’ll find the best path for you to pursue your dreams.

West Houston 529 Savings Plan

West Houston 529 Savings Plan

When it comes to paying for college, careful planning is a must. Sure, financial aid can help students cover some of the costs of college education, but in some instances, it is not enough. Therefore, it is important that you plan ahead in regards to how you’ll go about saving for such an important part of your child’s life. With Potter Financial, you’ll receive high-quality consultation services aimed to find the right financial solutions to your specific circumstances. In addition, we won’t just help you develop a financial plan, but we’ll also help you put in into action. Contact us today to learn more about us and our services.

Saving for College

College is one of the most important parts of a person’s life. Not only are universities a place to start careers, but they also offer the opportunity to grow into an adult. A college experience will bring numerous lessons to students that will help shape the character and build core skills. Of course, all the benefits that college offers comes at a hefty price. Figuring out how to pay for a college degree can be a very daunting task for families to take on. Fortunately, with a good plan and attention to detail, paying for college doesn’t have to be extremely difficult.

College Benefits Are Definitely Worth the Price

A college degree is definitely worth the price. Students can establish credibility and strengthen key character traits when attending a university. Moreover, the college experience can help students develop and establish a strong and reliable support network. Every single day spent in college is full of learning experiences that will prove useful for many years to come. In certain instances, families are discouraged from sending their kids to college because of the hefty price tag that comes with higher education. In certain cases, the value of a degree is put into question once families face the amount they are required to pay.

One thing that we want to emphasize is that a college degree is most definitely worth the price. The opportunities that will open up once you have a degree are far too great to pass on. From more career options to doors opening in fields you never imagined, a college degree can be your gateway to a better future. So when we discuss college expenses, we always do our best to help our clients save enough money to send their kids to a university of their choice. Even more, there are always options to paying for college, here are a few:

Great ways to save for college

Save for a quality college education

  • Working through work-study or out-of-school employment
  • Grants and/or scholarship
  • Student Loans
  • Opting to commute to school rather than staying on campus

Each one of these options does come with its own set of drawbacks. For one, some scholarships are awarded by certain universities and cannot be used elsewhere. And as for loans, they can carry high-interest rates that can be very hard to deal with. Working while in school does build mental strength, time management skills, and other great character traits, but it also takes time away from studying and networking. After hearing all of these drawbacks, you’re probably wondering what other options you have.

Paying Your Child’s College Education

There are options out there that can help you save for your child’s education. An education savings accounts, such as a 529 savings plan, is a great option for families hoping to save enough for college. A 529 savings plan is a tax-advantaged investment account that is designed to help families save for a college education and will actually reward them for doing so. For example, all of the earnings in the account are tax-free whenever they are used for educational expenses. So your child’s tuition, fees, books, supplies, room, board, and more can be covered by money that you start to invest today.

Additionally, educational savings accounts can vary in terms of flexibility, actual ownership, and other significant aspects. Something to note is that a 529 savings plan’s earnings will remain under the parent’s name and don’t have to be documented on the student’s FAFSA. With a 529 plan, you will also have the option to change the account beneficiary in the case that you want to change it from one child to the other. A 520 plan differs from a UTMA/UGMA account, as these don’t offer either of the benefits we just went over. We’ll discuss all the details and specifics of the options you have when you visit Potter Financial. We’ll also work to help you choose an account that fits your specific needs and circumstances.

South West Houston Retirement Planning

Personalized financial planning

Investing in the Future of Your Family

Investing is one of the ways you can accumulate money by using money that you already have. However, there are some risks that come with the stock market. But with the right type of financial advisory and account management, you can stand a far greater chance of securing great savings for your child’s college education. The experienced Financial Planners at Potter Financial can help you in regards to:

  • Reviewing your financial situation and goals
  • Learning more about personal/family finance, education savings, and wise investing
  • Opening education savings accounts for your child(ren)
  • Providing access to 1000’s of stocks and funds that are not available to individual investors
  • Overseeing and managing your investment portfolio
  • Manging and documents any eligible withdrawals
  • Connecting you with investment-savvy tax preparers

Learn More About Our West Houston 529 Savings Plan

If you want to make sure you’re doing the best you can to save for your child’s education, then you should definitely contact the financial advisors at Potter Financial. You can reach us by giving us a call at (713) 972-1316 or clicking here. Moreover, you can learn more about our West Houston 529 Savings Plan and our other services by clicking here.

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