Education Planning 

When it comes to being a parent one of your biggest financial goals is paying for your children's education. Outside of saving for retirement, it's probably one of the largest financial milestones you'll ever have. Such a large goal requires proper planning. 

Preparing for the Cost of Education 

It's no secret that education expenses are on the rise, making education planning an important aspect of your overall financial plan and family budget. Education planning requires a customized investment strategy aligned with the education goals of your family. By preparing (and saving) well in advance your children will have more options available to them when looking at colleges. 

At JMB Financial Managers, we believe that education planning goes further than the cost of tuition and books. There are other things that need to be considered that you may not have thought of yet. Preparing in advance for college expenses can eliminate the need to take out student loans, protect your retirement savings, and provide your children with financial security after they graduate. 

Saving for College Costs

Once you have defined your goals, it's time to start saving. There are a million different ways to save and prepare for college costs, the following are some of the most common investment tools used for education planning:

• 529 Plans
• Education IRAs
• Variable Universal Life Insurance policies
• Uniform Gift/Transfer to Minors Act Accounts (UGMAs/UTMAs),
• Traditional Savings Accounts

Our knowledge is not limited to the investments that can help grow your college fund. When the time comes we can help you evaluate student loans, scholarship options, tax credits, and compare the overall costs of different education options. 

Take Advantage of Time 

Preparing for your child's college education is more important now than ever before, so don't wait. Time is on your side, put it to work for you. The longer you give your investments to grow, the better off you and your children will be down the road. 

There are as many ways to prepare and pay for college expenses as there are incoming freshman each fall. Contact us today to discuss some your options and get started saving today.