College Planning Solutions
Plan for Your Child’s Future Without Sacrificing Your Own
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 Planning Solutions
Why College Planning Matters
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.
College Planning Solutions
Our Approach to College Planning
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.
Ready to Plan for Your Child’s Education?
College Planning Solutions
Frequently Asked Questions
How does tax-free college savings work?
We offer tax-advantaged savings plans, where the money you invest grows tax-free and can be withdrawn without taxes for qualified education expenses.
What happens if my child doesn’t use the money?
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.
When should I start saving for college?
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.
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Our Services
From building a strong foundation to growing and protecting your wealth, we offer personalized strategies for every step of your financial journey.
Retirement Income Planning
Turn your savings into a protected income stream that lasts for life, ensuring financial security throughout your retirement.
Life Insurance
Safeguard your family with life insurance that protects against death or serious illness, providing essential financial security.
Mortgage Protection
Keep your loved ones in their home by protecting your mortgage, ensuring your family’s biggest asset is secure no matter what.
College Planning
Tax-free savings for college with a full refund of your contributions, ensuring both your child’s education and your own financial future are secure.
Business Preservation
Protect the future of your business with buy/sell agreements and key person coverage to ensure seamless continuity.
Legacy Planning
Create a plan to pass down wealth and ensure your estate is preserved for future generations, safeguarding your legacy.
From building a strong foundation to growing and protecting your wealth, we offer personalized strategies for every step of your financial journey.
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