Time to Start Saving for CollegeSubmitted by Miller Premier Investment Planning, LLC on August 5th, 2015
Ok I admit it. I am taking this time to announce and brag about the arrival last night of Huxleigh Grace Tanner. She is our first grandchild and she is a beautiful little angel. She is better than any award or trophy I have ever received. The paparazzi were out in force last night at the hospital and we didn't get home until after 1AM as it was so difficult to tear ourselves away from her. In fact after I am done with this blog we will be heading back up to the hospital to hold her some more and of course visit with our daughter and son-in-law. Having your first grandchild is one of life's greatest blessings.
As I held her last night the planner in me naturally came out and I realized it is time to start putting money away for Huxleigh's future education. As a thank you for taking the time to listen to me brag about our new arrival I will tell you where we are going to start up her college savings account. It is the Utah Educational Savings Plan which can be found at www.uesp.org. This 529 plan receives top ratings year after year from Morningstar and Kiplinger's magazine for good reason. It is low cost and has some great investment options in it. One of the ways it keeps these costs low is by cutting out the middle man - commissioned based brokers and investment professionals. I have been recommending this to my clients for years. It allows you to save money, get it out of your estate, and grow it on a tax free basis if it is used for college. You can learn more by visiting the link or giving us a call and we would be glad to answer any questions you may have.
It is times like this when I am reminded that what we do as financial planners is so important. You see it is more than just numbers.
Here is to a bright future for Huxleigh Grace Tanner, our daughter Melanie, and our great son-in-law Kodi. We are so proud of you and blessed to have you as part of our lives.
Michael Miller, CFP® aka PaPa