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Happy 529 Day!

| May 29, 2019
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Today is May 29th, or what we like to call “529 day” here. A 529 plan is a very efficient way to save for college for your heirs. We’re taking the occasion of 5/29 to remind all of our clients and anyone who has children, grandchildren, nieces or nephews that they love about the opportunity to save for their education.

Your 529 investment grows tax free* provided it is used for education expenses. Because of this your money goes further toward your goal of helping your loved one pay for college.  And the earlier you get started, better the possible results over a longer period.

Use of 529 funds can be passed on between family members as well. So a Family with 3 children can establish a 529 for their oldest child, and use the remaining funds after their education is complete for the second and third children.

Saving for education is a top concern for many of our clients. We love seeing our client’s children and grandchildren heading out to their school of choice every fall in one of the most exciting times of their lives. It is made all the more satisfying for us when our client’s children are being aided in their goals with a proper college savings plan come to fruition. The 529 is one of our go to suggestions for accomplishing this goal and we would love to discuss it with you. Call our office and set up an appointment or just t chat about what we can do to help you save for the future!

*Investments in 529 plans involve risks to principal and may involve additional fees such as enrollment charges and annual maintenance fees. 529 plans offer no guarantees. Depending on your state of residence and the state of residence of the beneficiary, the plan may or may not be eligible for state tax benefits. There are exceptions to the gift tax and estate tax exemptions; please contact a qualified tax, legal or financial advisor for more information prior to investing.

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