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College Planning

Smart Strategies for Paying for College Without Derailing Your Retirement

Paying for college is one of the largest financial commitments many families face, and the earlier you begin planning, the more flexibility you have. Whether you are saving for your children, your grandchildren, or your own education, a thoughtful strategy can help reduce student debt and keep your long-term financial goals on track.

 

At Water Street Wealth, I help families create personalized, tax efficient college funding plans that align with their broader financial picture.

Rising Costs and Student Debt Can Disrupt Your Financial Future

College costs continue to rise, and without a clear plan, student debt can create long-term financial pressure for both students and parents. Saving without direction may leave you falling short or sacrificing other priorities. With the right guidance, you can plan for education while still protecting your retirement and overall financial health.

What College Planning Includes

How Much to Save – Build a realistic plan based on current costs and your personal goals

529 Plans and Other Accounts – Select the right savings vehicles and leverage available tax benefits

Investment Strategy – Align your timeline and risk tolerance with a smart asset allocation

Financial Aid Planning – Understand how income, assets, and account ownership affect FAFSA and eligibility

Balancing Priorities – Plan for education without sacrificing retirement or other major goals

Gifting and Legacy Education Funds – Structure contributions from grandparents or other family members

I can also connect you with professionals who specialize in admissions and financial aid consulting to support your family beyond the numbers.

Let’s Build a Plan that Works for You

Whether you are just beginning to save or are planning for a child already in high school, I will help you explore your options and develop a college funding strategy that fits into your larger financial life.

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