529 plans allow families to invest for future qualified college expenses and carry many tax benefits. If the 529 funds are no longer needed, they can be transferred to another student beneficiary.
College Savings Plans
- Tax-exempt savings vehicles that allow families to invest for future college expenses
- Investments are subject to market conditions with no guarantee to cover future higher-education expenses
*Prior to investing in a 529 plan, investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.