529 Plan

Maximize Your Child’s College Savings 

What Is A 529 Plan?

A 529 plan is a tax-advantaged savings plan that helps individuals and families save for education expenses. These plans encourage saving for future educational needs, such as college tuition, fees, books, and other qualified expenses. 

Types Of 529 Plan

1. Prepaid Tuition Plan 2. Education Savings Plans:

Prepaid Tuition Plan

These plans allow participants to prepay for future college tuition at today’s prices. State governments or educational institutions typically sponsor them 

Education Savings Plans

These plans operate as investment accounts, allowing participants to contribute funds invested in various investment options, such as mutual funds or index funds 

Why Are 529 Plans Important?

1. One of the key advantages of a 529 plan is the tax benefits it offers.   2. 529 plan provides an excellent opportunity for long-term planning and saving.  3. Flexibility

How To Choose A 529 Plan

1. Determine Your Objective 2. Research Plan Type 3. Compare State Plan 4. Analyze Investment Option 5. Assess Fees And Expense 6. Understand Contribution Limit

What Are Qualified Education Expenses? 

1. Tuition and fees, books and materials, room and board  2. Computers and related equipment, internet access  3. Special needs equipment for students attending eligible post-secondary educational institutions.