Ivy Ridge Asset Management, LLC

Certified Financial Planner

Focusing on Retirement Income & Tax Planning

At Ivy Ridge Asset Management, we understand that as a parent, you only want the best for your kids. These days, the cost of higher education can be a financial drain on almost any family and parents often worry about being able to afford their child’s choice of college. If you need help planning for your child’s college education, contact our certified financial advisors in Rhinebeck today. Our financial planners have successfully helped hundreds of families properly plan for the expenses of college through college savings plans, student loans, grants and other financing options, and we would be happy to help.

College Planning & Funding Assistance

According to the College Board®, the average published tuition and fee price at a public four-year institution was 40 percent higher in 2015 – 16 than it was ten years earlier. While college costs continue to rise, there are several smart, tax-advantaged ways to help prepare for these expenses.

Estimate Your College Savings Needs

At Ivy Ridge Asset Management in Rhinebeck, we can help you calculate your expected family contribution for both the FM (FAFSA) and IM (PROFILE) college formulas. We use the latest formula data provided by the Federal Government as it gets updated each school year. Our CCPS® blueprint software drills down on each individual college, which includes expected annual costs, the net cost after expected gift aid, expected student (Stafford) and parent (PLUS) loan debt analysis, and access to financial aid strategies to help reduce the high cost of college through innovative investment, cash-flow, and debt strategies. These strategies can save you thousands of dollars a year and improve your ability to make sound admission and financial decisions. If you’re interested in learning more about your estimated future college costs, contact our experienced financial advisors today!

529 College Savings Plans

If you’re interested in starting a savings plan to prepare for the cost of college, there are two main types of 529 plans to choose from: college savings plans and prepaid tuition plans. A college savings plan will allow your earnings to grow tax-deferred, with withdrawals being tax-free when used for qualified education expenses. A prepaid tuition plan, on the other hand, allows parents to prepay tuition at today’s tuition rates at specific public and private colleges and universities. A college savings plan will typically cover the below qualified education expenses at eligible colleges, universities and other post-secondary institutions:

  • Tuition
  • Fees
  • Books and supplies
  • Room and board
  • Computers and education software

Financial Planners in Rhinebeck

At Ivy Ridge Asset Management, our financial planners believe that it’s never too early or too late to start saving for college. Whether you need assistance filling out a FAFSA, choosing a college savings plan or managing your current portfolio, our financial advisors have the skills and experience to help you find a financial strategy that works for you. We also specialize in retirement planning, IRA and 401(K) Rollover, tax planning and more. Contact our college planning specialists today to learn more about our college funding services!

Powered by Top Rated Local®

uxicached