Join Kevin Gormley, CFP®, CPA, PFS and Nolan Clark, CFP®, B.S. (Finance) from Leading Edge Financial Planning as they break down two tax-advantaged college savings tools available to Texas families: 529 college savings plans and the Texas Tuition Promise Fund®.
In this conversation, Kevin and Nolan explain how each option works, who may benefit most, and how combining the two may create a flexible, well-rounded approach to funding future education costs. Whether you’re a new parent or already deep into college planning, this video may give you the clarity and confidence you need to make smart, informed decisions for your family’s future.
Key Topics Covered:
- Introduction & Overview of College Savings Options
- Details of the Texas Prepaid Tuition Program (Texas Tuition Promise Fund®)
- Comparison of 529 Plans and Prepaid Programs
- Risks and Benefits of Each Plan
- Practical Steps for Using the Texas Prepaid Program
- Conclusion & Final Thoughts
Actionable Takeaways:
- Research prepaid tuition programs in other states that may offer college saving opportunities.
- Explore the Texas Tuition Promise Fund website (https://www.texastuitionpromisefund.com/) and calculator to evaluate plan types, units, and payment options for your specific goals.
- Share this video with parents who may benefit from understanding their college funding options.
- Share other state pre-paid plans you’d like us to research and share.
Saving for college may feel overwhelming, but the right strategy can make all the difference. Understanding how 529 plans and prepaid tuition work—and how they may be used to complement each other– may help you create a financial plan for your family’s future education.
For personalized guidance, visit Leading Edge Financial Planning or reach out to our team anytime.
Connect with Kevin Gormley
kevin@leadingedgeplanning.com 
865-217-7779
Connect with Nolan Clark
nolan@leadingedgeplanning.com 270-545-5880
#PilotMoneyGuys #LeadingEdgePlanning #CollegePlanning #529Plan #TexasPrepaidTuition #EducationSavings #PrepaidTuition #FinancialPlanning #ParentFinance #SmartMoneyMoves #WealthStrategy
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning and are subject to change at any time due to the changes in market or economic conditions.
