With education costs increasing at a rate much greater than that of general inflation, the need for expert financial guidance is more relevant than ever. New tools, such as Section 529 plans, must be evaluated against other methods of saving for college.
At Budros, Ruhlin & Roe, Inc., we work with our clients to structure traditional and non-traditional education funding plans. Often, more than one party can benefit. For example, we've worked with extended families where a child’s education was funded by someone other than a parent. The child's education is secure. The relative who funded the education was able to reduce personal estate taxes. The child’s parents also benefitted, by being able to redirect dollars that would have gone to college funding, to retirement funding instead.