| College Education
Planning
“…human capital in the form of creativity and education is
the most important asset in our rapidly expanding global economy…”
(Quote from Jay Helman, president Western State College reviewing
The Rise of the Creative Class by Richard Florida.
It is almost axiomatic that in today’s world a college education
is the competitive edge that separates the “haves” from the
“have nots”. This is something about a college education that
makes a significant difference in the life of the post-secondary
school graduate.
But paying for that college education is no easy feat. For
many parents the press of just getting from one end of the
month to the other takes nearly all of the available resources.
And yet providing for the health, education, and welfare of
our children is a fundamental principle embraced by most Americans.
So how can parents provide capital for the development of
the “human capital” that is so critical in the 21st Century?
It’s like eating an elephant…we take it one bite at a time!
In 1997 Congress approved the offering of Education IRA (Coverdell
IRA) accounts, and in 2001 Congress crafted legislation that
permitted the tax free accumulation and distribution of money
for funding post-secondary education through what are now
known as 529 Pre-paid Tuition and 529 Savings Plans. Every
state in the union offers at least one 529 plan, and for many
parents, this method of saving for college education has become
the preferred choice.
Claystar Agency, In.c is designated as a 529 Plan specialist,
and we are prepared to “do the legwork” for establishing a
college education funding plan that will work.
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529
College Saving Plans
There’s a ton to know about these
plans before investing in them, and that’s the role we
play as 529 specialists. We’d
be pleased to serve you. |
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