Back-to-school season is upon us, which serves as a great reminder to consider how you can help your children or grandchildren fund their higher education.
There are two popular options: a 529 plan or a Roth IRA. 529 plans are a well-known option designed specifically for this purpose. Distributions from a 529 plan can be used to cover the cost of attendance at a public, private, or religious K-12 school in addition to higher education. However, a Roth IRA can provide more flexibility, allowing you to earmark as much or as little as you want for higher education expenses.
To learn which of these two options is best for you, click below to download “Planning to Save for Higher Education: Roth IRA vs. 529 Plan.”
For professional assistance with your education planning needs, contact RFG Wealth Advisory at 940-464-4104 to schedule a free 15-minute consultation, or go online to schedule here: RFGWealthAdvisory-Free Assessment.
P.S. Have unused funds in a 529 you’d like to move to a Roth? There are new options available now under SECURE 2.0, but some limits and fine print to navigate. Let’s discuss if this is of interest!
Planning to Save for Higher Education: Roth IRA vs 529 Plan
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Contact lead advisor Chris Robinson with RFG Wealth Advisory in Argyle, Texas to discuss your questions.
RFG Wealth Advisory is an independent, fee-only Registered Investment Advisor firm in Argyle, Texas. At RFG Wealth, our fiduciary duty ensures your interests always come first, and we maintain a transparent fee structure for your peace of mind. Contact us today!
Investment advice is offered through RFG Wealth Advisory, a Registered Investment Advisor.
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Chris Robinson is the president of RFG Wealth Advisory, which he founded in 1995. He is a current resident of Argyle and native of Denton, Texas.
