Education funding in America is a disaster. Let Brooks Capital Strategies help you plan how to fund your child’s education.
If you are disciplined enough to save for your kids’ education, you are punished for it with a lack of financial aid from the college, as your investments are listed on the FAFSA form, which reduces funding available to them.
If your child gets a scholarship and the funds you had saved for college are now going to be used by you instead, you are punished in taxation.
If you opt for a minor’s trust, such as a UTMA account, then the funds are your child’s when they reach age 18 or 21 (depending on the state you live in). Let’s hope your kid is on the right track (I know I made great decisions at age 18….), because if he/she isn’t on the right track, and wants to join the Hell’s Angels instead of going to college… you just bought them a nice bike!
As a parent who wants to help his kids go to college but wants nothing to do with the problems listed above, we created our own proprietary system that eliminates all of these issues. Don’t be punished for doing the right thing. Contact Brooks Capital Strategies!