Smart Strategies for College Savings Plans
Our Approach to College Savings Planning
Our approach starts with fully understanding your views and values around education for your family and goals of funding all or a portion of the costs. The first step is working with your Commerce Trust advisor to complete an education analysis. At that point, we are able to provide you with a complete analysis which identifies the right type of savings plan, as well as a contribution and withdrawal analysis for each recipient, showing projected overfunding or shortfalls.
A Commerce Trust Advisor Can Assist You and Your Family with:
- Choosing the right plan that suits your needs
- Understanding education tax credits and deductions
- Utilizing special gifting techniques
- Understanding risks, charges and associated fees