Education Savings Plan for Children
EDUCATION SAVINGS

We understand that children are your most important asset and with education costs continually rising, saving for their future is challenging. FAM Funds offers various ways to save for school from typical education accounts to savings accounts.

For example, before education savings accounts were introduced to the investment world, FAM’s George Chelius had the vision to show shareholders how dollar-cost averaging (investing a fixed dollar amount on a regular schedule) could work for them — and him. Anna’s Story details the 18 years George saved regularly for his daughter’s college education.

Education Savings Accounts
Coverdell Education Savings Account (ESA)
An account which can be set-up by an individual or business to save, potentially tax-free, for a minor’s education expenses.

Uniform Gifts to Minors Act (UGMA) Account &
Uniform Transfers to Minors Act (UTMA) Account
Acts that allow minors to own property such as securities. For parents, grandparents or anyone who would like to set up an investment account for a minor.

 

Read Anna's Story and see how dollar-cost averaging made it simple for one of our employees to save for his daughter's education.


To see if you are eligible for an Education Savings Account click here. pdf