Funding education

College within reach

Higher education is a practical investment in the future earning potential for the young (and not so young) scholars in your life. Funding a college education for a child, grandchild or other individual is a tax-efficient way of saying: “I care about you.”

Your RBC Wealth Management financial advisor can help you explore your options for paying college costs. These options may include:

  • 529 plans
  • Coverdell Education Savings Accounts
  • Uniform Gift to Minors Act (UGMA) accounts
  • Uniform Transfer to Minors Act (UTMA) accounts
  • Loans
  • Trust accounts

Whether paying college costs is a long-term goal or a pressing need, you can be confident you'll have choices. Your financial advisor will project your cash flows considering expected tuition costs and inflation expectations. As appropriate, your plan may include various strategies to help achieve a desired rate of return, as well as tax-efficient funding and gifting strategies.

Important disclosure information about 529 Plans and tax advice

Best Place to Work for LGBT Equality

The Human Rights Campaign 2017


World's 5th Largest Wealth Manager By Assets

Scorpio Partnership Global Private Banking Benchmark 2016



Related articles

figure
Retirement

Traveling in retirement is a dream, but high costs could derail plans

Many people hope to travel more when they retire, but a new RBC Wealth Management-U.S. survey shows that high costs and other factors could derail those dreams.

Read more
figure
Estate planning

How to keep your beloved vacation home in the family

Unlike cash and investment accounts, vacation homes can’t be split into equal parts. How do families pass such a sentimental asset on to the next generation?

Read more