The Wealth Cafe

Navigating College Costs for High Earners: Planning Strategies for Your Children’s Future

Caroline Tanis

Are you a high-earning parent juggling a successful career, aging parents, and raising kids—all while trying to plan for their college education? On this episode of The Wealth Cafe, financial expert Caroline Tanis (she/her) dives deep into the unique challenges affluent families face when saving for their children’s college years.

Caroline reveals the real cost of college today, explains why high earners often don't qualify for financial aid, and shares smart strategies to prepare for this major expense without sacrificing your own retirement goals. Learn about the best investment accounts for college savings, like 529 plans and UTMA/UGMA accounts, and discover how recent changes make saving more flexible than ever. Caroline also covers creative cash flow options and scholarship opportunities outside traditional school grants.

Whether you're wondering how much support to provide, balancing funding for both college and retirement, or just starting your family’s financial journey, this episode has actionable advice to help you make informed decisions. Don’t miss Caroline’s tips on family communication, leveraging gifts and contributions, and starting early for maximum impact.

Subscribe for practical, expert insights on wealth building and family financial planning!

Key topics covered:

Why financial aid is rarely available for high earners

The latest on 529 plans, Roth IRA rollovers, and flexible savings options

Comparing UTMA/UGMA investment accounts for college funding

Creative ways families can contribute, from gifts to bonuses

Balancing college savings with your retirement priorities

Actionable steps to plan ahead and reduce financial stress

Listen now and empower your family’s financial future with The Wealth Cafe!

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Email: caroline@tanisfingroup.com