Hi, my name is Paul Colasante In my over 20 years as a financial representative, I’ve had the opportunity to meet with many different people who are at different stages of their lives.
Recently, I had a meeting with a young family. While we were discussing their financial situation and goals, the conversation turned to if they were planning to save for their children’s education.
We discussed the pros and cons of several options like regular savings, UTMAs, UGMAs, Roth IRAs, and 529s.
My clients liked the 529 plan for the ability to use it for a wide range of qualified education expenses, the tax benefits and the ability to change the beneficiary and maintain control of the account—just to name a few.
We reviewed which investments were best for their situation and then I walked them through the account opening process.
The clients were happy we were able to help them with the funding of their children’s education and that they had someone they could contact through the process. And it was pretty special for me to be part of this investment in their child’s bright future.
So, how can you get started? To learn more about a section 529 plan or NextGen 529, contact your financial professional.
To learn more about NextGen 529, its investment objectives, risks and costs, read the program description available at NextGen for ME dot com. Check if your home state has a 529 plan that offers tax or other benefits.
USRRMH0624U/S-3651419
