Broker Check

Children and Education Planning

Children are a blessing. When born, they seem to take your heart with them. They can also be a scary undertaking, especially when we start thinking about all of the doctor’s fees, hospital bills, and the many years beyond those first sweet moments. Composing a solid financial plan to handle the expenses of birth or adoption will help you enjoy that little one much more. We want you to feel at ease when your new baby comes, which is why our team at EverVest can walk your through a few easy steps to prepare for your growing family.

We counsel new parents, adoptive parents, foster parents, individuals hoping to be parents, and guardians/caretakers on the right way to prepare for their family’s financial future. We can help you navigate the costs, establish savings plans, and even compose wills and trusts so that your children are always taken care of.

Additionally, many parents want to know about saving for college. What are my options? And can I afford it? Well, whether you want to start when your child is in the womb or when they are in middle school, it’s never too late prepare for these expenses. Even if you think you don’t have the room in your budget, we can help you evaluate the best option to pursue when you are ready to save.

We can teach you about 529 college savings accounts, IRA plans for students, as well as UGMA and UTMA custodial accounts. We’ll answer questions regarding how the taxes work with each plan, how students withdraw their money, what the funds can be used for, and ways to grow the accounts so their schooling needs will be covered. Based on your needs and financial goals, we will customize a plan for you that will give your student the head start you dreamed of.

*LPL Financial, EverVest and Stratos do not provide tax advice. Clients should consult with their personal tax advisors regarding the tax consequences of investing.