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College Savings Plans
College Savings Plans, such as Section 529 Plans, are state-sponsored,
tax-deferred savings plans that help families save for college.
- Available to anyone—you can contribute to a Section
529 plan regardless of your annual income or your age up
to specified plan limit.
- Can benefit anyone—you can contribute for the
benefit of a grandchild, niece or nephew, as well as your
own child.
- Savings are tax deferred, and qualified withdrawals
are tax-free.
- Generous tax
benefits.
Types of College Savings Plans
Prepaid tuition plans
Your cash contributions buy a specific number of course units
at today’s prices. If tuition increases, the state
pays the difference between the number of credit hours
you bought and current costs if the student attends an
in-state school. If the student attends a private or out
of state college, the plan typically pays the average in-state
public college tuition.
529 education savings plans
If you’re not sure your child will attend a state school,
this may be the plan for you. The 529 education savings plan
gives you the opportunity to contribute to a tax-deferred
account established for the student (known as the named beneficiary),
and invested in a savings vehicle, such as stock or a mutual
fund. The amount available for college depends on the amount
you invest and the rate of growth—which may or may
not be enough to cover school costs.
To learn more about 529 Savings Plans or to establish an
account, simply tell
us how to contact you.
Disclaimer: Information provided by
Laine Schoneberger; a registered representative offering
securities and investment advisory services through MML
Investors Services, Inc, member SIPC. 4350 East Camelback
Road Bldg F150 Scottsdale AZ 85018 (602) 912-0213. Campbell,
Schoneberger & Associates, Ltd. is not a subsidiary
or affiliate of MML Investors Servces, Inc. #051046
Licensing Information: Laine Schoneberger
is licensed to sell Insurance Products in the following jurisdictions:
AK, AZ, CA, CO, FL, FA, MD, MN, MO, MS, NV, SC, SD, TN, TX,
VA. He also licensed to sell Securities in the following
jurisdictions: AZ, CA, CO, FL, GA, IA, ID, KS, MD, MI, MO,
MT, NC, NM, NV, NY, OH, OK, OR, PA, TX, UT, WA. He cannot
communicate with, nor respond to, requests from users who
reside in jurisdictions where he is not licensed to conduct
and/or securities business.
Nathan Laine Schoneberger, Domiciled in Arizona, Campbell,
Schoneberger & Associates Ltd, CA Insurance Lic#0D56910 |
