College Planning

Saving for a child’s or grandchild’s education without losing sight of your own future

College costs keep rising, and the choices for saving can be confusing: prepaid plans, 529 savings plans, custodial accounts, savings bonds, or simply investing on your own. Each has different tax treatment, different rules about who controls the money, and a different effect on financial aid. MLR helps families in Flagler County sort through the options and put a plan in place that fits their budget.

As a firm that works with educators every day, we believe in the value of planning for education early. We also believe it should never come at the expense of your own retirement. We help you balance the two.

529 Savings Plans

A 529 plan lets savings grow tax-deferred, and withdrawals for qualified education expenses are federally tax-free. The account owner stays in control, the beneficiary can be changed within the family, and anyone can contribute. We help you choose a plan and an investment approach that matches how many years you have until tuition is due.

Florida Prepaid

The Florida Prepaid College Plan locks in the cost of tuition and fees at today’s prices for Florida public colleges and universities. It is a different tool from a 529 savings plan, and many families use both. We explain how the two work together and which fits your situation.

Grandparents and Gifting

Grandparents can make a real difference in a child’s education while also planning their own estate. We help you understand contribution limits, gift rules, and how a grandparent-owned account is treated when the student applies for aid.

Financial Aid and Timing

How and where money is saved can affect the aid a student qualifies for. We help you understand the basics of the FAFSA, what counts, and how to time contributions and withdrawals sensibly.

Start With a Number

The first step is a realistic estimate of what you want to cover: all of it, tuition only, or a set amount each year. From there we work backward to a monthly savings figure that fits your household. Contact us to set up a conversation.

*Representative is registered with and offers only securities and advisory services through PlanMember Securities Corporation (PSEC), a registered broker/dealer, investment advisor and member FINRA/SIPC. 6187 Carpinteria Ave, Carpinteria, CA 93013, (800) 874-6910. MLR Financial Company and PlanMember Securities Corporation are independently owned and operated companies. PlanMember is not responsible or liable for ancillary products or services offered by MLR Financial Company or this representative. The information presented here is for general educational purposes and is not specific to any individual’s personal circumstances. See our Disclosures.

We’re here to help answer your questions. Financial, insurance, and tax matters can be complicated. Our knowledgeable staff are on hand to help inform you of every aspect regarding your accounts. We take great pride in using our experience for you and look forward to hearing from you.