SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: The SYM Financial Advisors logo.
SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: The SYM Financial Advisors logo.

education planning

SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: a person in a graduation cap with a price tag featuring a dollar sign hanging from the tassel, symbolizing commission-free fiduciary services.

529 Plans: Student Loans Are Now Qualified Education Expenses

May 29, 2020

Each year the calendar provides a subtle reminder of the benefits of a section 529 college savings plan.  These plans offer tax-free growth of invested money as long as the funds are used for qualifying education expenses. In addition, many states offer tax deductions or credits for contributions made to eligible plans. The definition of qualified expenses within 529 plans has been expanded in recent years thanks to three pieces of legislation. All three changes

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: a graduation cap resting on a large stack of bundled cash and gold coins, representing the wealth management focus of SYM Financial Advisors.

529 Plans Redux

April 10, 2020

Each year on May 29 the calendar reminds us of the 529 educational savings plan, and opportunities to fund the plan.  However, many people funded 529 plans years ago and are now ready to withdraw the funds for their intended use. Distributed properly, all the earnings in the plan can be income tax free as long as the funds are used for Qualified Higher Education Expenses (QHEE).  However, as is sometimes the case, the devil

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: a white piggy bank wearing a graduation cap with a dollar bill inserted, representing the approach of SYM Financial Advisors.

The Benefits of 529 Savings Plans

April 9, 2020

Education costs continue to rise and the task of saving for college or trade school becomes more daunting each year. Fortunately, there is a village of supporters who want to help a child save for their education, including the ancillary expenses required to have a full and enriching educational experience. One of the most efficient and effective ways to accomplish this is by using 529 Savings Plans. 529 Savings Plans 529 Savings Plans are education

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: An older woman and a younger woman sit with a toddler, looking down at a task together while discussing their commission-free fiduciary needs.

Turn a 529 College Savings Plan into a Family Legacy

April 9, 2020

Have you dreamed of leaving a legacy for your grandkids and future generations? Such a legacy does not require a vast fortune or risky investments. Instead, you can give your grandchildren the gift of opportunity (and money). Simply push the use of the 529 College Savings Plan to its fullest potential. Standard Use of the 529 College Savings Plan In case you’re not familiar with the primary benefit of the 529 Savings Plan, it is

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A black graduation cap rests on a pile of one-hundred-dollar bills, representing the investment philosophy of SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients.

529 Education Savings Plans – Are they for you? 

July 1, 2019

Education costs continue to rise and the task of saving for college or trade school becomes more daunting each year. Fortunately, there is a village of supporters who want to help a child save for their education, including the ancillary expenses required to have a full and enriching educational experience. One of the most efficient and effective ways to accomplish this savings goal is by using a 529 plan.   State Affiliated plans are open to

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