With college costs rising at an alarming rate, many parents and grandparents are wondering how they can help their young family members finance their education. Whether you have a lump sum to invest or want to add to savings monthly, Arbor Financial Credit Union Wealth Management’s Cory DenUyl can help weigh your options and explore a variety of college savings plans.
How much do I need to save?
Many factors influence how much to save toward college savings, including your current savings, when the child will start attending college, interest rates and inflation, financial aid and scholarships, and more. Our College Savings financial calculator is a good place to start, and at your free consultation Cory can help estimate how much you’ll need to save for and assist with developing a strategy that will help.
What are my options?
Luckily, there are many options for education funding. Let Cory help you understand the pros and cons of each and help you make an informed decision suitable for your goals and budget.
- 529 Plan
- Coverdell Education Savings Account
- Certificates of Deposit (CDs)
- Savings Bonds
- Pre-paid Tuition Plans (such as MET - Michigan Education Trust)
- IRA/Roth IRA
- And more
Ready To Meet?
Meetings with Wealth Management’s Cory DenUyl are always free for Arbor Financial Credit Union members!
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Securities offered through First Heartland Capital, Inc. Member FINRA & SIPC. Advisory services offered through First Heartland Consultants, Inc. Arbor Financial Wealth Management Services is not affiliated with First Heartland Capital, Inc. Securities offered through First Heartland Capital, Inc. are: not federally insured, subject to market risk including loss of principal, not obligations of, deposits of, or guaranteed by the Credit Union. Arbor Financial Wealth Management is located at 1551 South 9th Street.