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Investment for Education 

How will you provide for the education your children deserve? One of the best gifts you can give your children – or grandchildren – is a college education without the financial burden of loans they’ll need to repay in the early years of their careers. We’ll help you explore your options.

529 College Savings Plans

Invest a small or large amount to shift a portion of your estate to future generations or fund your own higher education if you’d like! You’ll have high annual contribution limits, plus earnings and withdrawals are tax-free as long as funds are used for qualified expenses. Before investing in a 529 plan, investors should carefully consider whether the investor's or beneficiary's home state offers any state tax or other benefits available only from that state's 529 plan.

Coverdell IRA

Formerly known as an Education IRA, these plans allow you to invest tax-free up to $2,000 per beneficiary per year if you use the money for qualified educational costs. Worried about how much to put in? If any balance remains after all expenses are paid, the account can be transferred to another eligible family member.


These types of accounts allow you to give unlimited gifts to a minor including cash, mutual funds, life insurance, annuities, and more. While you are still the custodian for this account, the account has the child’s social security number attached to it, providing some income tax benefits.

Other Funding

Our investment professionals can discuss other ways to invest for education including:

  • Life Insurance
  • Zero Coupon Books
  • Other IRAs
  • Tax-efficient Mutual Funds