A 529 plan is flexible and affordable, and may offer you tax advantages that you have overlooked. 529 Plan features include:
- Professionally managed investment portfolios, with a variety of investment options and features
- Freedom to invest for a child or adult of any age
- Money may be used at almost any private or public college in the US to pay for tuition, books, housing and other eligible expenses.
Things to consider before investing:
You should consider the investment objectives, investment risk, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your Financial Advisor. Read it carefully before you invest.
College savings plans offered by each state differ significantly in features and benefits. The optimal plan for each investor depends on his or her individual objectives and circumstances. In comparing plans, each investor should consider each plan's investment options, fees and state tax implication.
The availability of tax and other benefits from investing in 529 Plans may be conditioned upon meeting certain requirements. Non-qualified withdrawals are subject to federal and state income tax and a 10% penalty.
529 college savings plans are subject to enrollment, maintenance, administrative and management fees and expenses. College savings plans offered by each state differ significantly in features and benefits. The optimal plan for each investor depends on his or her individual objectives and circumstances. In comparing plans, you should consider each plan’s investment options, fees and state tax implications.
