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 basis.
  • 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.