College Planning
Help Your Child Get There, Without Losing Ground Yourself
Watching your child chase their future is one of the best parts of parenting, and the cost of that future shouldn’t be a source of stress. So, we help you build a savings plan for your child’s education that fits alongside your own goals, not against them.
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What we do
Every family’s situation looks different, so your child’s college plan should reflect that. We start by understanding their timeline, your income, and other financial priorities. From there, we build a savings strategy that supports your child’s education while still protecting your retirement and the rest of your financial picture.
Built Around Their Timeline
Whether they’re a toddler or a teenager, we tailor the plan to fit.
Balanced With Your Other Goals
The savings plan works alongside your retirement and other priorities, not instead of them.
Ongoing Adjustments
As they grow and tuition costs shift, we revisit the plan to keep it on track.
Giving Them A Head Start, Without Setting Yourself Back
Before recommending a strategy, we take time to understand your full financial picture. That way, the plan we build supports their future without putting your own at risk.
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Full Financial Review
We start by reviewing your income, savings, and existing goals, so nothing gets overlooked.
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Tailored Savings Strategy
From there, we recommend a strategy that fits their age, your timeline, and your budget.
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Ongoing Plan Adjustments
Since their needs and tuition costs both change, we check in regularly to keep the plan aligned.
Ready To Start Planning For Their Future?
Let’s talk about how to save for their future without putting your own goals on hold. Your first conversation is complimentary, with no pressure and no obligation.
Frequently Asked Questions
When should I start saving?
Generally, the earlier the better, since starting sooner gives your savings more time to grow. That said, it’s never too late, so even if they’re already in high school, we can still help you build a plan.
What savings options are available?
There are several account types designed specifically for education savings, each with different benefits. As a standard, we typically recommend the Virginia 529 plan, since it offers strong flexibility along with valuable state tax benefits.
What if they decide not to attend a traditional four year college?
The Virginia 529, for example, can apply to trade schools, community colleges, or other qualified education paths. On top of that, recent legislative changes now allow unused funds to convert into a Roth IRA (certain limitations apply), so what started as a college fund can also become a head start on their retirement or overall financial future.
