At Live Oak Financial Group, we offer a college savings plan that allows you to save for your child’s education while ensuring your financial future is secure.
Our plan gives you the flexibility to contribute to your child’s college fund, cover their education expenses, and receive a full refund for your retirement—whether or not the full amount is used for college.
This means you can help your child pursue their education without sacrificing your retirement savings.
College tuition continues to rise, making it essential to start saving early. Our college planning solution is designed not only to cover your child’s education but also to give you a financial safety net.
Once your child’s college expenses are paid, your account continues to grow so you can have most or all of the money back, ensuring that your contributions continue to benefit your retirement savings.
This flexibility allows you to save confidently, knowing your investment in your child’s future won’t compromise your own.
Our approach focuses on maximizing both your child’s educational opportunities and your long-term financial security:
Flexible Contributions: Contribute to your child’s college fund with the peace of mind that your savings will work for you in retirement.
Full Refund for Retirement: After college expenses are covered, you receive a full refund of your contributions, ensuring your retirement savings remain intact.
Tax-Free Growth: Enjoy the benefits of tax-advantaged growth, allowing your savings to grow efficiently without being eroded by taxes.
We offer tax-advantaged savings plans, where the money you invest grows tax-free and can be withdrawn without taxes for qualified education expenses.
If your child doesn’t need the entire fund, you can receive a full refund, which can be used to boost your retirement savings, giving you financial flexibility.
The earlier, the better! Starting early allows you to take advantage of compound growth and maximize your savings for both your child’s education and your retirement.
Request a phone call with one of our retirement specialists today.
From building a strong foundation to growing and protecting your wealth, we offer personalized strategies for every step of your financial journey.
From building a strong foundation to growing and protecting your wealth, we offer personalized strategies for every step of your financial journey.
We are an independent financial services firm helping individuals create retirement strategies using a variety of strategies and insurance products to custom suit their needs and objectives. Insurance products and services offered through Live Oak Financial Group. The information contained in this material is given for informational purposes only, and no statement contained herein shall constitute tax, legal or investment advice.
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