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Investing in Your Child's Future

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Get financial advice from Portland advisors and learn your options for saving for your child's future.

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Investing in Your Child's Future

  1. 1. Investing for Your Child’s Future Choose the plan that’s right for you and start saving now.
  2. 2. 529 College Savings Plan This plan is available in every state, but you should check what regulations apply to you. The 529 is dependent on mutual funds, which means you aren’t promised a return. However, if you know how to manage this plan, you could benefit nicely.
  3. 3. 529 College Savings Plan This plan is prefect if you have long-term savings goals and you will be able to contribute to your 529 in small amounts.
  4. 4. 529 College Savings Plan By investing in a 529 plan, the money will only be able to go towards college. There is also a risk that your investment could decrease depending on the stock market.
  5. 5. Uniform Gifts to Minors Account This savings account won’t earn you as much as the 529 account, but it is safe and reliable. No matter how much you add to it throughout your child’s life, the total will be there when your child is ready to use it.
  6. 6. Uniform Gifts to Minors Account At the moment, interest rates are very low on this type of account. It could be a concern that your child will be able to use this money for anything, not only college, with this investment option.
  7. 7. Custodial Brokerage Account After the 529 savings plan, the custodial brokerage account is the next best thing. You can use the money from this account on anything throughout your child’s life.
  8. 8. Custodial Brokerage Account These accounts are safe, cheap, and flexible. It will be filed using your child’s social security number and will have a child’s tax rate.
  9. 9. Custodial Brokerage Account Similar to the savings plans, these accounts are handed over to your child at maturity and are susceptible to the risk of loss.
  10. 10. Experts agree that if you know you’re saving for college, a 529 college savings plan is the best choice. Second best is a Brokerage Account and if neither of those work for you, a Uniform Gift to Minors Account is another option.
  11. 11. Need more advice for you or your family’s financial future? Just ask a Portland financial advisor at: http://pfgwm.com/
  • BarbaraBaldin

    Mar. 16, 2015

Get financial advice from Portland advisors and learn your options for saving for your child's future.

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