This chapter excerpt covers different types of funding strategies and the full guide can be your go-to source for helping clients with all thing's education-related. Some helpful planning tips offered in this excerpt include:
Develop a funding strategy early to maximize the future value of savings,
Incorporate two funding scenarios for each type of school (50% funding and 100% funding for example),
Communicate the funding plan to all parties, and
529 plan distributions should occur in the same tax year the expenses are actually incurred.