Author: Scott Caufield

Scott Caufield, CFA, CPA, is the founder of Sophos Wealth Management, a fee-only financial planning and investment management firm in Woodinville, Washington. He helps individuals approaching or living in retirement coordinate their investments, tax strategies, and retirement income. His writing explores the financial decisions and trade-offs that shape retirement, drawing on his background in investment analysis and accounting.

Washington State’s Guaranteed Education Tuition (GET) Program
ByScott Caufield September 29, 2021September 29, 2021
529 Prepaid Tuition Plans Overview Prepaid tuition plans are state run plans that allow savers to lock in future tuition costs at today’s rates. Currently there are only 9 states running prepaid tuition plans. These prepaid tuition plans work like an insurance product. You give money to the state to invest on your behalf and…
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Saving for College- 529 Plans
ByScott Caufield September 21, 2021September 21, 2021
529 Plans are state sponsored plans that give individuals a tax advantaged way to save for college. There are two types of 529 plans: prepaid tuition plans and education savings plans. Prepaid tuition plans are pretty self explanatory and a topic i’ll cover in a future post. The education savings plan option allows a saver…
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