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Saving for Education

Planning to Pay for Your Child’s Education?

With college costs rising faster than the rate of inflation, financing a child’s higher education has become a top concern among parents and grandparents. According to The Princeton Review’s 2021 College Hopes and Worries Survey Report, the cost of college topped the list of concerns with 63% of respondents estimating that the investment in higher education will easily exceed $75,000.

Fortunately, there are some sound tax-free strategies, like a 529 College Savings Plan you can use to help pay for your children’s college expenses.  Even if you feel like you are late to the college planning game, prudent planning can help you save the largest amount in the shortest amount of time.

When reviewing various education planning options with you, we will discuss topics such as:

  • What assets should and should not be held in your child’s name
  • How to maximize the use school loans
  • Explore 529 College Savings Plans and other educational funds
  • Investigate how multiple-generational support can assist with school funding
  • Address the realities and financial strain of funding higher education

Through our education planning process, we will develop a strategy that will allow you to meet the challenges of sending your child to school while still keeping an eye on your financial goals.

Is August Wealth Management a Good Fit for Me?

Over the years, we’ve identified three characteristics among those who benefit the most from working with us. We call them the Planners, Dreamers, and Doers. It’s important to note that in many cases, these traits overlap.


Our Planners are highly organized individuals who know a sound financial plan is a secret to long-term success. Most already have some financial plan, but they lack the experience of adequately navigating the nuances that come with a comprehensive wealth management strategy.


The Dreamers come to us because they already know their end game. Whether their goal is to buy a retirement home in Acadia, travel the world, or leave a legacy that their family can enjoy for years to come, they want to be sure they have the resources to live their best lives.


The Doers come to us because they are busy living their lives. More often than not, they are balancing their work/life responsibilities and don’t have the time or energy to devote to developing a comprehensive financial plan.

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