Skip to content
twitterfacebookyoutubeenvelope
  • F: 844.739.6951
  • T: 918.956.0500
  • TF: 844.739.6000
Feel free to reach out.
  • Home
  • Our Team
    • Our Team
    • Tulsa Office
      • Tulsa Office
      • Todd Welsh
      • Rich Howard
      • Summer Caudle
      • Scott Allen
      • Kevin Criss
      • Brian Talkington
      • Lisa Allem
      • Chris Bogie
      • Michelle Bond
      • Brooks Kollmann
    • Wealth of Experience
  • Our Approach
    • Our Approach
    • Our Services
    • Our Process
    • Our Partners
  • Our Clients
    • Our Clients
    • Business Owners
    • Women Investors
    • Retirees
  • Our Community
  • Resources
    • Resources
    • Worthwhile
  • Contact Us
  • Client Access
    • Client Access
      • Forgot your password?
      • Enroll
      • Need Help?
      • Contact Us / FAQ
      • Privacy / Security
      • Client Resources
  • M3M-TulsaOK
    1203 E. 33rd Street Tulsa, OK 74105-2013 F: 844.739.6951 T: 918.956.0500 TF: 844.739.6000
    Map and Directions Map and Directions
Scissortail Wealth Management logoScissortail Wealth Management logo

Planning for a child’s future

Supporting a child’s education can be one of the most rewarding aspects of success and one of the most important elements in your financial plan. With rising inflation and the high cost of education, planning to contribute to another’s higher education may require an early start.

There are a variety of investment vehicles and tax-efficient options to contribute to the cost of higher education. As your trusted partner, our knowledge and professional guidance can help you analyze the tax benefits, ownership structure, risk and contribution limits involved – even what to do with your leftover education funds if your aspiring academic earns a scholarship.

  • When you invest in potential, you’ll do more than help make the dream of education possible for a student in your life. You could provide the inspiration for a legacy of higher learning that’s passed on for generations to come. What’s more, the funds you contribute have the ability to grow tax-deferred, and eventually be withdrawn, tax-free.*

    Working together, we choose the investment strategy that is right for you and your student, keeping in mind that generous contribution limits do exist, regardless of income level.

    *Certain conditions may apply. Earnings in 529 plans are not subject to federal tax, and in most cases, state tax, so long as you use withdrawals for eligible education expenses, such as tuition and room and board. However, if you withdraw money from a 529 plan and do not use it on an eligible education expense, you generally will be subject to income tax and an additional 10% federal tax penalty on earnings. Investors should consider before investing, whether the investor’s or the designated beneficiary’s home state offers state tax or other benefits only available for investments in such state’s 529 savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. 529 plans offered outside their resident state may not provide the same tax benefits as those offered within their state.

  • Although UGMA and UTMA accounts are not designed specifically for college savings, they offer advantages including multiple investment options, limited tax benefits and the ability for a parent to transfer assets to a child without needing to establish a more costly trust. However, contributions to the accounts are irrevocable and parents lose control of the funds when the child becomes 18 - 21 – an age that may vary by state. We help you navigate these considerations, providing solutions tailored to your funding needs.

related resources

Can homeschooling and a full-time job co-exist?

Can homeschooling and a full-time job co-exist?

Juggling schoolbooks and paychecks isn’t for the faint of heart, but can be a rewarding endeavor with the right expectations and support.
Read

Family & Lifestyle
Infographic: College majors for bright futures and lucrative careers

Infographic: College majors for bright futures and lucrative careers

Take a glimpse into the most popular industries among college students to offer insight into what might be the most attractive fields today.
View

Family & Lifestyle
The five most popular methods for funding education

The five most popular methods for funding education

Know which options work best for you and plan early.
Read

Family & Lifestyle
Saving for K-12 education with a 529 plan

Saving for K-12 education with a 529 plan

Learn about using 529 plans for more than just college savings.
Read

Family & Lifestyle
Comparing SBLs and student loans to cover tuition

Comparing SBLs and student loans to cover tuition

You’ve likely heard of student loans and 529 plans to cover tuition costs. But there’s another innovative option worth considering.
Read

Family & Lifestyle
Sophisticated wealth management
LET’S CONNECT
Scissortail Wealth Management logoScissortail Wealth Management logo
  • 1203 E. 33rd Street Tulsa, OK 74105-2013
  • F 844.739.6951
  • T 918.956.0500
  • TF 844.739.6000
  • Map & Directions
  • Map & Directions
twitterfacebookyoutubeenvelope

Securities offered through Level Four Financial, LLC, a registered broker dealer and member of FINRA/SIPC. Advisory Services are offered through Scissortail Wealth Management an SEC-registered investment adviser. Level Four Financial, LLC and Scissortail Wealth Management are separate entities.

Level Four Financial Registered Representatives associated with this site may discuss and/or transact securities business only with residents in states where they are registered. Please refer to https://brokercheck.finra.org for additional information.

Privacy Policy - Form CRS


© 2019 Scissortail Wealth Management