Education Planning Services
Building a Future Begins Today
Higher education can be the key that opens doors to a brighter, more fulfilling future. You want to help prepare this future for those important to you, but you may not be sure where to start.
At Akram, we have the tools and experience to help you do it right. Our experienced advisors help you determine your saving goal, and what it takes to get there, so you can be confident in your plan.
Comprehensive Services for Education Funding
When you want to create an education fund, your options are much broader than simply putting the money in a savings account. Through the guidance of our professional advisors, we help you find ways to prepare education funds and enjoy tax benefits as well.
One of the most common and useful options are 529 plans. This state-sponsored plan allows you to save toward a financial goal while enjoying tax-free growth. It functions similarly to a 401(k), only designed for education rather than retirement.
With a 529 plan, you can save money not only for college but for K-12 education as well. Moreover, this fund isn’t only limited to tuition, but can also be used to cover the student’s expenses such as computers and other technology, books, supplies, and even room and board. Best of all, New York taxpayers can enjoy significant deductions for each child or young adult they list as a beneficiary.
We assist with setup, help you determine your ideal contribution level, and can help you select and manage the investments within the plan. When it comes time for your chosen student to begin their education, we’ll work with both of you to ensure they can enjoy the full benefit of the plan during their schooling.
Contact Us Today for Education Planning
Find out what you need to start building toward the future today – just contact us to schedule your complimentary consultation.