College Planning
College is an investment for a lifetime - the gift of a college education can open the door to a world of opportunity for your child or grandchild. Saving, even a little at a time, can make a big difference down the road. With the cost of a college education continuing to increase, the key is to start saving early and regularly.
What is a 529 Plan?
A 529 plan is a tax-advantaged investment plan designed to encourage saving for the future higher education expenses of a designated beneficiary (typically one's child or grandchild). The plans are named after Section 529 of the Internal Revenue Code and are administered by state agencies and organizations.
All withdrawals from 529 plans for qualified education expenses will remain free from federal income tax!
Q) Can anyone open a 529 account?
A) A 529 account can be opened by anyone. Grandparents, other relatives or family friends can all be account owners, or simply choose to contribute to an existing account.
Q) What are the most common investment options offered by Section 529 savings / investment plans?
A) The most common investment option is the age-based allocation strategy in which the age of the beneficiary determines the specific mix of investments. As the child ages, your investment mix is automatically reallocated and becomes more conservative as the beneficiary approaches college. There are many other options available, including 100% equity funds, fixed income funds, stable value funds, as well as a variety of equity and fixed income options within many plans.
Units of the 529 plan investment options are municipal securities and may be subject to market value fluctuation. Before investing in a state specific 529 plan, you should compare your own state's qualified tuition program and any state tax or other advantages it may provide.
Securities offered through WFG Investments, Inc., Member FINRA & SIPC. Investment advisory services offered through WFG Advisors, LP.
We currently have individuals licensed to offer securities in the states of AZ, CA, DC, HI, IL, MO, MT, NC, NJ, NY, OH, OK, TX, UT, VA, WA.
This is not an offer to sell securities in any other state or jurisdiction.
We currently have individuals licensed to offer securities in the states of AZ, CA, DC, HI, IL, MO, MT, NC, NJ, NY, OH, OK, TX, UT, VA, WA.
This is not an offer to sell securities in any other state or jurisdiction.
College Planning
College is an investment for a lifetime - the gift of a college education can open the door to a world of opportunity for your child or grandchild. Saving, even a little at a time, can make a big difference down the road. With the cost of a college education continuing to increase, the key is to start saving early and regularly.
What is a 529 Plan?
A 529 plan is a tax-advantaged investment plan designed to encourage saving for the future higher education expenses of a designated beneficiary (typically one's child or grandchild). The plans are named after Section 529 of the Internal Revenue Code and are administered by state agencies and organizations.
All withdrawals from 529 plans for qualified education expenses will remain free from federal income tax!
Q) Can anyone open a 529 account?
A) A 529 account can be opened by anyone. Grandparents, other relatives or family friends can all be account owners, or simply choose to contribute to an existing account.
Q) What are the most common investment options offered by Section 529 savings / investment plans?
A) The most common investment option is the age-based allocation strategy in which the age of the beneficiary determines the specific mix of investments. As the child ages, your investment mix is automatically reallocated and becomes more conservative as the beneficiary approaches college. There are many other options available, including 100% equity funds, fixed income funds, stable value funds, as well as a variety of equity and fixed income options within many plans.
Units of the 529 plan investment options are municipal securities and may be subject to market value fluctuation. Before investing in a state specific 529 plan, you should compare your own state's qualified tuition program and any state tax or other advantages it may provide.
Securities offered through WFG Investments, Inc., Member FINRA & SIPC. Investment advisory services offered through WFG Advisors, LP.
We currently have individuals licensed to offer securities in the states of AZ, CA, DC, HI, IL, MO, MT, NC, NJ, NY, OH, OK, TX, UT, VA, WA.
This is not an offer to sell securities in any other state or jurisdiction.
We currently have individuals licensed to offer securities in the states of AZ, CA, DC, HI, IL, MO, MT, NC, NJ, NY, OH, OK, TX, UT, VA, WA.
This is not an offer to sell securities in any other state or jurisdiction.
