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529 Plan

What is a 529 Plan?

Why would I consider this type of investment account?


Named after a section of the Internal Revenue Code, 529 Plans, are a way to save money for college with tax breaks from the federal government and most states.


Each state offers its own version of the 529. 


There are two types:

Pre-paid tuition plans and College Saving Plans.

Pre-paid tuition is money that is put away to cover costs in specific schools. College savings plans is when money is invested for use at any institution of higher education. In either case, contributions are not tax deductible, but investment growth and withdrawals are free of federal taxes as long as they are spent on approved college-related expenses. Earnings spent on anything but education are subject to a 10% penalty, plus tax.


We advise you to call us today when deciding to begin one of these plans to assist you in making an informed decision based on your personal situation as there may be other alternatives you should consider.


What are you waiting for? Let us help you make that informed decision by contacting us today

at 407-682-7550 or toll free at 800-865-0001.


You may also CONTACT US completing the form on the page. We will have one of our retirement specialist contact you within 24 hours.


We look forward to working for you. We know you have worked hard for your money and we want to make sure your money works hard for you! 




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