4 strategies for resetting college savings

Talk to a financial adviser
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Staying on top of your finances can seem overwhelming at times, especially if you have a complicated financial picture, Gallegos says.

Some parents may wonder how different college savings accounts affect their ability to qualify for certain forms of financial aid. Some grandparents may wonder if a 529 plan is a good estate-planning vehicle.

While research sites are helpful for general information, if you have a financial question you can't answer on your own, discuss it with a tax consultant or money professional, Gallegos says.

"I believe people should consider talking to a financial adviser at least once," he says. There will likely be a cost involved, but financial professionals often have the tools to help clients figure out how to save money in a way that fits their personal situation, he says.




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