Cover tomorrow’s educational costs by investing today.

It’s never too soon to start planning for your child’s education. Begin saving for their journey toward higher education by taking advantage of a 529 Plan–an investment plan operated by a state, designed to help families save for educational costs. 

Take advantage of the tax benefits

A key perk of a 529 Plan is the income tax breaks on non-deductible contributions. Any earnings grow tax-deferred for as long as the money stays in the plan. Any withdrawals for qualified educational expenses are federal tax-free.

As long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to the plan participant. There also may be state tax deduction benefits depending on your state’s plan. 

A 529 Plan has a broad range of tax benefits and consequences, financial aid implications, contribution limits, and asset flexibility. Our CERTIFIED FINANCIAL PLANNER™ professionals know the questions to ask to determine the best fit for your needs.

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Learn more

IMPORTANT: Outcomes vary. We suggest that you consult a tax adviser with regard to your personal circumstances.

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