It’ll be time to fund that education sooner than you think.
With the high and continually rising cost of education, it is
never too early to start saving. Oak Ridge Financial offers a
variety of accounts to help you save for an education including:
- 529 College Plans - 529 College Plans allow
you to save for higher education expenses on a tax advantaged
- Coverdell Education Savings Plans - Coverdell
Education Savings Plans help you save for qualified education
expenses of any eligible beneficiaries.
- Custodial Account - This account is established
under each respective state’s Uniform Gift to Minors
Act (UGMA) or Uniform Transfer to Minors Act (UTMA) and is
designed for the benefit of a minor child, but is managed by
a parent or another designated custodian.