UGMAs, UTMAs and 529s, Oh My!
Justin Hearty
Saving for your child’s education and understanding your options may feel overwhelming. Will a UTMA, UGMA or 529 fulfill your goals? This month’s edition will shine a light on educational planning and a new change to 529s via the SECURE Act 2.0
Diapers to Diplomas
Strategic’s Senior Advisor, Melissa Fernalld, breaks down UTMA and UGMA custodial accounts which are used to invest and save for your children. In this article, she discusses the following topics:
- What are custodial accounts?
- The Good
- The Bad
- The Ugly
- Final Thoughts
Plenty to Consider When it Comes to Paying for College
Strategic’s Senior Advisor, Greg Mattacola, provides his thoughts on paying for college. In this article, he weighs in on the following topics:
- College
- The 529 Plan
- Issues keeping up with rising college costs
College Costs - and Student Debt - Keep Growing
In addition to paying for college, Greg Mattacola dives into ever-growing college costs and student loan debt. He breaks down the following issues:
- National Averages
- Student Loan Debt
- Finding Direction
Enhanced Benefits of 529 Plans under the SECURE Act 2.0
While 529 savings plans have traditionally been used to fund college expenses, the recent implementation of the SECURE Act 2.0 introduces new changes that will broaden their utility. This article tackles two main elements:
- Key Changes and Considerations
- An Illustrative Example
About Strategic
Founded in 1979, Strategic is a leading investment and wealth management firm managing and advising on client assets of over $1.8 billion.
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