Start planning for college now

The current American college experience can carry a hefty price tag. Having a savings plan in place can help to lessen the stress. Work with our financial consultants and receive a free, no-obligation financial review.

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Different plans - different options

529 Education Plans

Offers tax-advantaged savings for private high school and higher education.1

Uniform Gifts to Minors Acts (UGMA)

Allows assets to be held for a minor without a trust fund.

Coverdell Education Savings Accounts

Helps pay for costs through tax-free earnings growth and tax-free withdrawals for qualifying purchases.

The price of prepping for college

Preparing for college is more than SATs, applications, good grades, and extra-curricular activities. It also means having the finances to get there. In 2019, there were 45 million borrowers of U.S. student loans totaling approximately $1.5 trillion in student loan debt1.

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Never too early to start saving

CHET 529 plan

Even if college is years away, getting an early start on your saving is always a good plan.Having an effective strategy can help you prepare for the high price of higher education.

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Webster Investments Insights

College funding: planning ahead for financial security

In recent years, the cost of higher education has risen well ahead of inflation. At some private colleges and universities, the net cost for one year’s full-time education, including tuition, fees, and room and board, tops $40,000 (Trends in College…

Webster Investments Insights

Buying life insurance: what kind and how much?

Conventional wisdom says that life insurance is sold, not purchased. In other words, some people are reluctant to discuss the importance of owning life insurance, and others are simply unaware of the need to have life insurance.
Webster Investments Insights

A look at college savings options

As time goes by, planning for a child’s college education is more challenging than ever before. The saving or investing method you choose will depend on your child’s age, as well as your financial resources. Other considerations, such as your…

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1As of 4Q 2018; Federal Reserve and New York Federal Reserve. “Student Loan Debt Statistics in 2019: A $1.5 Trillion Crisis”; Zack Friedman, Forbes. https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/#65496856133f