With the cost of education on the rise, it's more important than ever to start a savings and investment plan for your child's education. With the right planning, you can make education affordable, and Lowell Five Investment & Insurance Management can help structure a financial plan that matches your timeframe and budget.

Below are two of our most requested products. For additional information, or to review other savings and investment options, contact our Investment & Insurance Management Team by

phone at 978.323.7202 or email.

Section 529 Plans*

A 529 Plan is an easy, flexible way to save for education expenses. You can fund the account through scheduled, automatic deposits or a lump sum contribution. In addition, a 529 Plan has no income limitations or age restrictions, and contributions can be made up to $300,000 for each student.

Coverdell IRA

A Coverdell Education Savings Account is a great way to help parents and students save for education expenses for qualified elementary and secondary schools, as well as colleges and universities. Total contributions for the beneficiary of this account cannot be more than $2,000 in any year, but amounts deposited in the account grow tax free until distributed. The beneficiary will not owe tax on the distributions if they are less than the beneficiary's qualified education expenses at an eligible institution.

Click here to use the Education Calculator.