Invest in Your Children’s Future
Strategic education savings planning to help you prepare for your children’s educational journey—from preschool through college and beyond.
Education costs continue to rise, but with the right planning and strategy, you can build a solid foundation to support your children’s educational dreams. Hanalei helps families create realistic, achievable education savings plans tailored to their unique situations.
529 Plans
Tax-advantaged savings for education
Flexible
Plans that adapt to your family’s needs
Start Early
Time is your greatest advantage
How We Help You Plan
Education planning isn’t one-size-fits-all. We’ll work with you to create a strategy that fits your family’s timeline, budget, and goals.
529 College Savings Plans
Learn about tax-advantaged 529 plans and how to maximize their benefits for your family.
- Understanding 529 plan options
- State tax benefits and incentives
- Contribution strategies
- Investment allocation guidance
Alternative Savings Strategies
Explore other education savings vehicles that might complement your 529 plan.
- Custodial accounts (UTMA/UGMA)
- Roth IRA strategies
- Education Savings Accounts
- Permanent life insurance options
Scholarships & Financial Aid
Understand how your savings impact financial aid eligibility and maximize all funding sources.
- FAFSA considerations
- Scholarship search strategies
- Impact on financial aid
- Timing of distributions
Timeline & Goal Planning
Create a realistic savings timeline based on your child’s age and your educational goals.
- Age-based savings strategies
- Monthly contribution planning
- Adjusting for multiple children
- Balancing education and retirement
Why Start Early?
Power of Compound Growth
Starting early gives your investments more time to grow, potentially reducing your total out-of-pocket contributions.
Smaller Monthly Contributions
The earlier you start, the less you need to save each month to reach your education funding goals.
More Options for Your Child
Adequate savings give your child more freedom to choose schools based on fit, not just affordability.
Common Questions
When should I start saving for my child’s education?
The best time to start is now—even small contributions early on can make a significant difference thanks to compound growth. Whether your child is a newborn or already in elementary school, there’s value in starting today.
What if my child doesn’t go to college?
529 plans can be used for qualified education expenses including trade schools, vocational programs, and apprenticeships. You can also transfer the funds to another family member or use them for K-12 tuition. We’ll help you understand all your options.
How much should I save each month?
The amount depends on your timeline, goals, and financial situation. During your complimentary consultation, we’ll work together to determine a realistic monthly contribution that fits your budget and aligns with your family’s priorities.
Should I prioritize education savings over retirement?
Generally, financial experts recommend securing your own retirement first—your children can borrow for education, but you can’t borrow for retirement. We’ll help you find the right balance for your family’s specific situation.
Ready to Start Planning?
Schedule a complimentary consultation with Hanalei to create a personalized education savings strategy for your family.
We’ll review your current situation, discuss your goals, and develop an action plan that works for your budget and timeline.
* Complimentary consultations are made possible through our partnership with Global Financial Impact