Plan For More Than Just College

In the state of New York, Governor Cuomo is working towards making college cost free for families earning less than $100k per year. This trend will likely spread to other states also. What this means is that for our children to be competitive in tomorrow’s work force they will need to have more than just a college education. So, planning for higher education becomes very important.

One of the best ways to achieve this is through a 529 plan because not only do the investments within it grow tax free but withdrawals are also tax fee if you are using them for qualified higher education expenses.