The Priceless Gift of Knowledge
Providing for your children’s education is one of the finest gifts you can give them. But education costs can be significant and are climbing rapidly every year. That’s why it’s vital to begin your education funding program early - and to carefully integrate it with your retirement and estate plans.
Many Saving Strategies
At City National we offer a variety of tax-advantaged vehicles to help you build your college fund. In fact, there are almost too many choices - and their provisions and tax impacts vary widely. For example, 529 college savings plans differ from state to state - some allow large contributions without gift taxes; some are less generous. Another example: many parents don’t realize that Coverdell accounts can be used to fund private school education at the K-12 level. Designing the right strategy - and choosing the appropriate vehicles to implement it - are critical.
City National Securities offers 529 College Savings Plans. Learn more »
How City National Can Help
Our planning professionals will follow a disciplined process to develop an education funding program that meets your specific requirements. We help define and quantify what you will need, identify the best funding sources, and develop individualized savings strategies to accomplish your goals. Our approach is holistic, blending tax considerations, investment vehicles, your time horizon, and the need to also keep your other personal goals such as retirement on track.
As with any long-term financial objective, the sooner you start the better. Please contact us for more information.
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