College Savings

After retirement, and possibly long-term care, educating your child, children, or in some cases, grandchildren, is likely the largest financial hurdle your family will need to clear.

The cost of higher education is rising each year at a pace in excess of inflation. Top private schools and public universities alike are continuing to raise the cost of everything from tuition to room and board.

529 Savings Plan

If you have young children or grandchildren, and therefore a sufficient amount of time to plan, Fleming Wealth Management can help you determine the possible cost of college, decide on the portion of that expense you want to accumulate and develop an investment plan for meeting your goals.

Under a program statutorily created by the federal government and administered by individual states, you can establish investment accounts with special tax advantages in order to accumulate assets to help put your kids through college (and even graduate school). Called 529 College Savings Accounts, these special investment vehicles provide valuable tax advantages that make accumulating sufficient college funds easier.