Keep Kids SafeTake extra steps to keep the kids safe. With the unofficial beginning of summer after Memorial Day, many children are out of school and playing outdoors. Keep an eye out for the unexpected; they may dart in front of you while you are driving or run out from between parked cars. In their exuberance to get to the playground, some may not look both ways before crossing streets and roads. As adults we need to take responsibility to be aware of them. Let’s make this a safe summer for all.

While you are being vigil about young ones outside, consider whether you have made arrangements for them after they graduate. Do you have a plan to help pay for community college or a university? Can you help them get the degree or experience they need to find worthwhile employment afterwards? Summer jobs and part time work while in high school and earlier can help prepare them for the world of work.

Consider one of the educational savings plans. The Coverdell Educational Savings Account grows tax free and can be used for all ranges of education from elementary school to college. The 529 College Savings Plan can only be used for colleges and universities. There are also alternative ways to save for your children’s or grandchildren’s educational future. Investors need to know about the limits and restrictions of each of these plans to determine which is best.

Les Merritt, CPA and CFP (Certified Financial Planner) can come to the rescue. He and his staff have been helping families plan for future needs for three decades. Ask Les to see which plan is best for you now and in the long run. He can also discuss the effects on financial aid as well as the impact on your taxes and those of your children once they reach 18 years of age. Keep your kids safe by staying alert this summer and by planning for their educational needs now. Call Les at (919) 269-8553 to schedule a session to prepare for your family’s future.

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