529 College Saving Plan


Paying for college is harder than ever. Everyone wants to help their children, grandchildren, nieces and nephews have the opportunity of a good college education no matter how expensive a college education can be. Now there`s good news. Saving for college is easier than ever. With a 529 savings plan you gain significant tax advantages while saving for college. Here are some of the 529 plan features: * Earnings and withdrawals for qualified higher education expenses are currently free from federal tax. *There are no income limits. *You can contribute until your account value reaches $250,000. *Up to $15,000 ($30,000 for married couples) can be contributed each year without gift-tax consequences, and under a special election, up to $75,000 ($150,000) for married couples) can be contributed at one time by accelerating five years` worth of investments. *You maintain control of the assets. You decide when the money will be spent. LET US HELP YOU SET UP A 529 PLAN THAT IS TAILORED TO YOUR WISHES. For more complete information, including a description of fees, expenses and risks, you should review the plan offering statement carefully. State income taxes may continue to apply. Please consult your tax counsel regarding tax consequences under your specific circumstances. Under the Economic Growth and Tax Relief Reconciliation Act of 2001, tax-free distributions may not be available after 2010, depending on future Congressional action to extend the benefit.