Education Needs Analysis & Savings Vehicles
- Calculate the dollar amount needed to meet the education goals
- Evaluate the ability to meet the savings requirements
- Compare and contrast the tax implications and other features for the primary account types or strategies used for saving for higher education expenses
- Recommend appropriate education savings vehicles given tax implications, dollar amount of savings needed, preferences and situation.
- Recommend appropriate investment alternatives for the education accounts chosen given risk tolerance and risk capacity
Financial Aid & Education Financing
- Review and describe the likelihood and types of qualifying financial aid generally available
- Evaluate the qualifications for various types of financial aid as part of an education plan
- Determine to what extent education tax credits may be utilized to reduce the net cost of education
- Evaluate and recommend the availability of and qualifications for financing education expenses as part of an education plan
- Loan repayment structuring; restructuring; consolidation; loan forgiveness
Gift & Income Tax Strategies
- Calculate the funds needed to meet gifting goals (rule limits for parents; other family member gifts)
- Evaluate and recommend the availability of and qualifications for gift tax exclusions for the client’s gifting goals (using the tax codes)
