Financial Education


Educating your children can be a financially daunting task. Many are unprepared for the rising cost of education and planning for it early maybe the only way to give our children the education they deserve. There are several investment vehicles that allow for tax free growth of education funds.

Coverdell -The Coverdell is an education savings account that lets a person contribute up to two thousand dollars per year. The growth of these funds is tax free if used for qualified education expenses.

529 plans - The 529 College savings plan is a savings vehicle that allows a person to save for college expenses on a tax free basis as long as the funds are used for qualified college expenses.

Alternatives - Depending on a person financial situation there are many other options for college savings. Our Advisors at HBA are qualified to advise you on these alternatives. We make recommendations based on your overall financial plans.