Vestwell’s Post

🎓 Start Saving for Their Future Today 🎓 Welcoming a new child or grandchild is such a special moment, and planning for their future starts now! One of the best ways to set them up for success is by investing in a Registered Education Savings Plan (RESP). With the soaring costs of education, an RESP ensures your children have the necessary funds when they pursue post-secondary studies. By starting early, you harness the power of compounding to maximize savings. RESPs provide flexibility, enabling you to choose from various investment options to suit your risk tolerance and financial goals. You can choose from a single or family plan with beneficiaries having the option to attend post-secondary on a full or part-time basis. With an RESP, you can grow your savings tax-free and even receive government grants to boost your contributions. The sooner you start, the more you can help your loved ones afford the rising costs of post-secondary education. This also makes for a great gift for the children or grandchildren who have all the toys they can dream of! Give them the gift of opportunity and financial freedom by starting early! Contact us about getting a head start on education:   📱: 1-705-674-1974  📧:  [email protected]   

🎓 Now is the time to start saving for college. At Callaway Financial, we offer tailored strategies to help you prepare financially for your child's education. 529 Plans: 📚 These state-sponsored plans allow your savings to grow tax-free and withdrawals for qualified educational expenses are also tax-free. They offer flexibility in choosing schools nationwide. Tax Advantages: 💸 Contributions to 529 plans are made with post-tax income, but the growth and withdrawals for education are tax-free. This can significantly enhance your savings over time. Family Contributions: 👨👩👦 Grandparents and other relatives can contribute, making it a collaborative effort to secure your child's future. Flexibility: 📖 529 plans can cover more than just tuition. Use them for room, board, books, and other educational expenses. Start now to give your child the gift of a debt-free education. At Callaway Financial, we are here to guide you. Let's discuss your options. #CollegeSavings #529Plans #EducationPlanning #FinancialSecurity #CallawayFinancial

Don't Wait to Invest in Your Child's Future Meet Lisa, a devoted mother who dreams of seeing her son, Alex, pursue his passion for engineering at a prestigious university. With only 12 years until Alex starts college, Lisa understood that early planning was crucial to achieving their goal of saving $150,000 for his education. Lisa discovered that, according to the College Board, the average cost of tuition and fees for the 2023-2024 school year was $41,540 at private nonprofit four-year institutions, $11,260 for in-state students at public four-year institutions, and $29,150 for out-of-state students at public four-year institutions. With these costs expected to rise yearly, Lisa knew she had to start saving immediately. She began by setting up a budget, cutting unnecessary expenses, and opening a 529 savings plan. Lisa also sought advice from a financial planner to ensure she was on the right track. Her proactive approach brought her peace of mind and inspired her friends and family to start their college savings plans. The future comes faster than we think. Start your college savings plan today to ensure your children can pursue their dreams without financial stress. Contact me to create a tailored savings strategy that fits your goals and timeline. Don’t delay—let’s secure their future together! - (https://lnkd.in/g7D3xAmd)

📢 Exciting News! Join us for our Child Gifting Webinar on June 21st at 1 PM MDT. 🌟 Please note that this is a temporary time and date, so stay tuned for the final schedule. We can't wait to have you join us for an informative session on financial strategies for gifting to your children. During the webinar, you will learn: Tax Benefits: Understand the tax advantages and implications of gifting assets or money to your children. Education Funding: Explore options for using gifts to fund your child's education, including 529 plans and other savings accounts. Trusts and Custodial Accounts: Learn how to set up trusts or custodial accounts to manage and protect gifted assets. More details to come soon—mark your calendars and stay tuned! 🗓️✨ #ChildGiftingWebinar #FinancialPlanning #FutureInvestments #StayTuned

If there was one useful class you could have added to your middle school or high school education, what would it have been? I was just discussing this last night with my son, now 12. He said "why don't we have a class about money in middle school? Everyone uses money." He's so right--financial education and literacy are so lacking here in the US--and not just in schools, either. Many adults report wishing they had a better handle on finances, money, savings, and investing. Because my son is right--everyone uses money! One of the biggest benefits of being in financial services is the ability to see and call out folks who try to increase financial literacy in adults and children through education. For the 2023-2024 school year, TransUnion partnered with the Goalsetter Foundation, the charitable arm of Goalsetter, a foundation working to ensure youth in America know "they are worthy of wealth by teaching them how to build it." I could not love that more. Read more below. Because the more you know 🌈 🌟 #education #financialeducation #financialliteracy #transunion #informationforgood #themoreyouknow #tu #financialservices #community

September is College Savings Month! College Savings Accounts (CSAs) give young people and their caregivers the confidence that they can afford at least some of the expenses. CSAs also give kids hope that college is possible. Studies show that low-income children with small amounts of college savings are 3x more likely to go to college and 4x more likely to graduate. This College Savings Month, let's unite our schools, businesses, banks, #funders, community organizations, and more to show young people that we support their educational goals and dreams. Explore AFN's resources: https://loom.ly/rYeH6bA #ChildrensSavingsAccounts2021 #CollegeSavingsMonth

The lazy days of summer are coming to a close, and we’re now entering National Back to School Month! 📚✏️ This time of the year can be both exciting and stressful. There’s a lot to coordinate: purchasing supplies, signing up for afterschool activities, and simply readjusting schedules. You can see three topics to discuss if you are sending a child off to college on our website here: https://lnkd.in/gf8mQTib There’s no doubt that education is one of the greatest investments we can make in our children’s futures. This month, whether you have children or grandchildren, we can all help support the next generation, especially those less fortunate than us. Think about donating supplies, volunteering your time, or contributing financially to initiatives such as Junior Achievement USA—every bit helps. Helping families with financial strategies to fund educational goals is one of the most rewarding parts of our jobs. It is also so fulfilling to support education in our communities during this time of the year. What community events do you participate in? #BackToSchoolMonth #InvestInEducation #BrightFutures

Head over to our education blog where you can read updates from solicitors with an expert understanding of the education sector. There you can find recent posts, including... • Emma Tuck sharing thoughts on the Information Commissioner’s targeting of FOI failings • Siân Jackson considering pensions provision and financial resilience at post-1992 universities; and • Amy Law highlighting recent guidance from the OIA on student processes and collaboration arrangements And don't forget to subscribe! #EducationBlog #HigherEducation #Universities #FinancialResilience

Head over to our education blog where you can read updates from solicitors with an expert understanding of the education sector. There you can find recent posts, including... • Emma Tuck sharing thoughts on the Information Commissioner’s targeting of FOI failings • Siân Jackson considering pensions provision and financial resilience at post-1992 universities; and • Amy Law highlighting recent guidance from the OIA on student processes and collaboration arrangements And don't forget to subscribe! #EducationBlog #HigherEducation #Universities #FinancialResilience

Generational wealth is not just about estate planning. Of course, always ensure that you have enough for you. Then, incorporate your loved ones into your plan, determining the most tax-advantaged money moves during your lifetime so you can enjoy it too. One of my long-term goals is to fund 529(s) if I have grandchildren. Here are some fantastic ways to pass on generational wealth⇣ 🔹 Funding a 529: Enjoy potential tax advantages & Secure Act 2.0 ROTH. 🔹 Intentional Financial Gifts: Thoughtful gifts that keep on giving. 🔹 Estate Planning: Embrace your values while providing for your loved ones. 🔹 Funding a ROTH for Your Working Loved Ones 🔹 Financial Literacy: Lead by example. 🔹 Entrepreneurship: Encourage business ventures. 🔹 Setting and Sharing Limits: Clear financial boundaries. 🔹 Openness About Finances: Foster transparency. 🔹 Opening a Bank or Brokerage Account with Loved Ones I am grateful to share Lucy Lazarony's feature, Best Financial Gifts For Grandchildren, which shares the impact my grandma's and parents' generosity had on my family and other financially savvy money moves that can benefit your loved ones alongside John Foligno, Brian Rhoads, Marc Lescarret, MSPFP, MPAS®, CFP®, AWMA® Ryan Nelson, CPA, CFP®, Carla Adams, CFP® Jason Dall'Acqua, CFP®. Let's continue this discussion; please share your favorite way to gift loved ones in the comments below, by messaging me, or over a complimentary strategy session (see link in profile). Alissa