Education Savings Planning in Audubon & Blue Bell, PA
The cost of college has sky-rocketed in recent years and shows no sign of stopping. So how can you effectively plan for your loved ones’ educational future when you have no idea of what the costs will be?
Our experts understand these concerns and provide education savings plans that are simple to understand and are personalized to your goals. We’re here to guide you through each decision so that you can save with clarity and confidence.
Let’s Simplify Your College Planning
Strategies That Keep Pace With Rising Tuition Costs
Yes, college costs are rising. But with the right plan in place, you can be ready for the unexpected. Whether you’re just starting a family or one of your children already has their bags packed for college, our Greater Philadelphia financial planners can help you build an education savings strategy that’s transparent, tax-efficient, and aligned with your overall financial goals.
At Thrive, we believe education planning should never feel overwhelming. We’ll walk you through your options—like 529 plans and custodial accounts—so you understand what’s best for your situation. Every recommendation is tailored, every decision explained. You’ll always know how your plan is supporting your child’s future and your financial well-being.
Step-by-Step Planning Tailored to Your Life
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Pharmaceutical & Medical Professionals
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Corporate Executives
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Individuals Navigating Divorce
Prepare for Tomorrow With College Planning Today
What Our Clients Say About Us
“We have been working with Steve, Mike, and the entire team at Thrive Wealth Management for 11 years. Their combination of market knowledge, professionalism, responsiveness, and caring is deeply appreciated.”
*Uncompensated testimonial of actual client
Common Questions Our Experts Hear About College Planning
How much should I be saving for college?
The amount depends on your goals, such as whether you plan to fully fund tuition, room and board, or just contribute partially. A general benchmark is to save one-third of projected costs, cover one-third from current income while the child is in college, and the rest from scholarships, loans, or financial aid.
What if my child doesn’t go to college or gets a scholarship?
If your child doesn’t use the funds, 529 plans allow you to transfer the account to another eligible family member or even use it for your own education. Starting in 2024, unused 529 funds (up to $35,000) can also be rolled into a Roth IRA for the beneficiary under certain conditions. Scholarship amounts withdrawn from a 529 are not penalized, but taxes may apply on the earnings.
When should I start saving for college?
As early as possible. The sooner you start, the more time your money has to grow through compound interest. Even small contributions made consistently over time can significantly reduce your future burden. Starting early also gives you more flexibility in investment choices and risk management.
Let’s Plan Their Future—Together
It’s never too early (or too late) to start saving for education. With guided support, personalized strategies, and a focus on what matters most to you, we’ll help you take confident steps toward a stronger future for your child or grandchild.
