American Heritage Education Savings Account
American Heritage members with children can do a lot for their kids by putting money into an Education Savings Account.
People with college degrees out-earn their non-college contemporaries by a wide margin. However, the cost of college continues to escalate, with tuition and fees ranging from $8,000 to $50,000 per year. When you add in the cost of housing and other expenses, many students and their families opt for student loans that will take years to pay off.
The best way to finance college is to start saving early, and let the savings grow in an interest-bearing account. Parents who meet income requirements can contribute up to $2,000 per year per child under 18 years of age for a qualified higher education account, as well as for certain elementary and secondary schools. As an added benefit, your contributions are tax-free.
American Heritage partners with companies to provide Education Savings Accounts, like the Coverdell Educational Savings Account (ESA) and the 529 College Savings Plan, that deliver good earnings and provide your family with tax advantages even as you save.
Need Help Planning For The Future?
The American Heritage Investment and Retirement Center* offers a variety of investment and protection planning services to help you plan for the future. We’re here to help you make sound financial decisions consistent with your investment timelines and your goals. Our needs-based approach means learning about your current situation, and then helping you to take action towards a healthier financial future.
For information and to set up a no cost consultation, contact the American Heritage Investment & Retirement Center (IRC): (215) 969-2967
To access more information about an Education Savings Account: Click Here