College Planning

At Legacy Wealth Partners, we recognize that funding a college education is one of the most significant financial goals a family can undertake. Our College Planning Services provide a strategic approach to prepare for this investment, reducing stress and helping you make informed choices that align with your overall financial well-being.

We guide families through the complex landscape of education funding, balancing the desire to support a child's future with the necessity of preserving retirement savings and other financial priorities.

Our Comprehensive Planning Process Includes:

• Early Strategy Development: We help establish clear savings goals and timelines, exploring various funding scenarios based on projected college costs and your unique financial picture.
• Savings Vehicle Analysis: We explain and compare tax-advantaged options such as 529 College Savings Plans, Coverdell ESAs, and custodial accounts, identifying the most efficient tools for your strategy.
• Financial Aid & Cash Flow Planning: We provide guidance on navigating the FAFSA, understanding Expected Family Contribution (EFC), and developing strategies to manage cash flow during the college years.
• Integration with Overall Financial Plan: We ensure your college funding strategy is coordinated with your retirement, tax, and estate plans, preventing one goal from undermining another.
• Ongoing Advice & Adjustments: We offer regular reviews to adjust your plan for changes in market performance, school selection, and family circumstances, keeping you on track.

Our Approach: A Family-Focused Partnership

We believe knowledge is power. Our advisors take the time to educate you on the intricacies of education funding, from savings growth to financial aid formulas. We work with you to create a personalized roadmap that seeks to minimize debt and maximize opportunities, allowing your family to approach college decisions with clarity and confidence.

Partner with Legacy Wealth Partners to build a strategic plan that supports your child's educational aspirations while protecting your family's financial legacy.