My Grandchild Was Just Born. How Can I Start Contributing to a College Fund?

If you recently had a child or grandchild, you may be trying to figure out the best way to save for their future educational expenses. You have several options. The best one is probably a 529 account.

By saving in a 529 while the child is young, it gives plenty of time for that money to grow. So by the time they get to the point where they’re going to make withdrawals from that account to pay for their educational expenses, hopefully, the account will have had enough time to grow to enough of a balance to really help defray those educational expenses for them.

Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor serving the greater Sacramento area with an office in Roseville, CA. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.