multi-generational

A college education does not come cheaply. Forbes has estimated that the price of a college education has increased 8 times faster than wages, making it important for families to plan ahead in order to fund educational expenses. At Wade Financial Advisory, Inc. (WFA), we routinely discuss the benefits of establishing an Education Savings Plan account (commonly known as a 529 plan account) with our clients.  These accounts provide a cost-effective way to benefit the future generation because grandparents and other family members can easily contribute to a child’s existing 529 plan account. Setting up a 529 plan account as early as possible and adding funds to the account regularly allows for maximum growth opportunity.

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Multi-Generational Planning: Funding a 529 Plan for Your GrandchildrenRead More »