Empowering families with the knowledge to plan wisely.
Education Planning at Concord Private Wealth
Education saving and planning can feel overwhelming; multiple account types, shifting rules, and competing priorities can complicate the process. We simplify the landscape so families can make confident, informed decisions.
College Savings Education
We translate cost projections, savings targets, and investment strategies into a clear roadmap based on your timeline. Our guidance helps you understand how each choice affects flexibility, taxes, and long-term outcomes.
Evaluating Types of Accounts (529s, UTMA, Brokerage)
- 529 Plans: Tax-advantaged growth, state deductions, qualified education expenses, and impact on financial aid.
- UTMA Accounts: Ownership transfer rules, tax treatment under the “kiddie tax,” and flexibility for non-education expenses.
- Brokerage Accounts: Flexibility, no contribution limits, and full control over investment strategy, with tradeoffs in tax efficiency.
Please consider the investment objectives, risks, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
Wells Fargo Advisors Financial Network does not provide legal or tax advice.
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