Education Planning

Embark on a journey of preparation with Next Step Wealth Strategies

Much like the intricacies of retirement planning, education planning demands anticipation and timely action, be it for mature learners or the young scholars in your life. With a trove of government-backed educational planning tools at your disposal, we’re here to illuminate the path forward.

Why education planning is important.

Understanding America’s higher education landscape

The realm of higher education is vast and varied. Yet, it’s about gathering information and utilizing this knowledge to navigate through the educational waters.

The real challenge

The future beckons, filled with countless educational opportunities. However, without a roadmap, generations might find themselves at a crossroads, unsure which direction to take or lacking the means to move forward.

Risks of not planning

A lack of foresight can lead to significant financial burdens and a haze of indecision about potential educational pursuits.


Dive into the diverse world of educational savings accounts (ESAs) and educational savings plans (ESPs) available to you.

529 plans

  • Definition: Unlock the potential of “qualified tuition plans” sponsored by states or educational institutions.
  • Prepaid tuition plans: Secure tomorrow’s education at today’s prices.
  • Educational savings plans: Consider it a reservoir where you save today to fund future educational dreams.
  • Navigating the 529: With our expertise, select a plan that aligns perfectly with your aspirations.

Coverdell education savings accounts (Coverdell ESA)

  • Definition: Build a robust educational fund through trust or custodial structures over time.
  • Purpose: These accounts are designed to handle approved educational expenses effortlessly.
  • Navigating the ESA landscape: We assist in pinpointing the perfect ESA, factoring in individual needs and potential constraints.

Essential notes on 529 college savings plans

Investment objectives

Every investment choice should be rooted in clear objectives. Know where your money is going.

Risks and expenses

Stay informed and prepared for any contingencies and associated costs.

State-based benefits

Harness local benefits to your advantage. Consult our financial or tax advisors before delving into any state’s 529 plan.


Let clarity and confidence be your allies in the dynamic world of education. At Next Step Wealth Strategies, we’re devoted to ensuring that your educational dreams and those of your loved ones, are not just dreams but future realities. Ready to take the next step? Connect with us today.


Prior to investing in a 529 Plan investors should consider whether the investor’s or designed beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary.

Please consult with. Your tax advisor before investing.