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Name something worth investing more in than your child's future.

College is getting more and more expensive! Education planning can help you prepare for these expenses and could also safeguard your retirement funds.

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KNOWLEDGE IS POWER

Education Planning Tips to Get You Started.

 

nest egg iconDon't Deplete Your Nest Egg

Don’t count on your retirement funds or your home equity; it will not help to deplete your nest egg.

college savings icon529 Plans are Your Best Friend

Look into 529 College Savings Plans as they are a great option to build education savings.

early bird iconEarly Bird Gets the Worm

Consider saving early when your child is young as it increases your risk tolerance.

tax benefits iconTake Advantage of Tax Benefits

Learn how to use the education savings plans for tax benefits; it can have a significant impact on how much you save.

don't bet iconDon't Bet Your Life on It

We recommend not including life insurance as part of education planning.

view plan iconGet the 360 View

Make sure you understand the risks and rewards of your education savings plan.

Although saving early offers the most advantages, it is never too late to start.

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Customized Planning Revolved Around You

We'll help you choose the right strategy and avoid costly mistakes.

We will help you determine your options and understand the rewards and limitations of each one so that you can make an informed decision. We'll also help you avoid costly mistakes such as borrowing against your 401k which can disqualify you from your company’s pension plan.


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We have Answers

Education Planning Frequently Asked Questions

  • Is there a maximum amount of funds that can be contributed to a 529 plan?

    Is there a maximum amount of funds that can be contributed to a 529 plan?


    Yes; Each contributor may give up to $14,000 per year. Or, you can front-load the account and put up to 5 years’ worth (per contributor) of funds in at once. If a contributor chooses to front-load the account, that contributor cannot make any contributions for the corresponding number of years. The total maximum that can go into one 529 plan is $298,770.
  • Who can contribute to 529 plans?

    Who can contribute to 529 plans?


    Anyone can contribute to 529 plans including parents, grandparents, and children 18 years of age or older.
  • Why are 529 plans a good option to pursue for education planning goals?

    Why are 529 plans a good option to pursue for education planning goals?


    529 plans are a good option to save for higher education because they are tax-deferred, they earn interest, they allow for automatic investments and you can contribute as much money as you’d like.
  • Will 529 savings plans affect a student's chance to qualify for financial aid?

    Will 529 savings plans affect a student's chance to qualify for financial aid?


    Yes. A 529 savings plan functions as capital that the parent possesses.
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Is there a maximum amount of funds that can be contributed to a 529 plan?
x
Is there a maximum amount of funds that can be contributed to a 529 plan?
Yes; Each contributor may give up to $14,000 per year. Or, you can front-load the account and put up to 5 years’ worth (per contributor) of funds in at once. If a contributor chooses to front-load the account, that contributor cannot make any contributions for the corresponding number of years. The total maximum that can go into one 529 plan is $298,770.
open
Who can contribute to 529 plans?
x
Who can contribute to 529 plans?
Anyone can contribute to 529 plans including parents, grandparents, and children 18 years of age or older.
open
Why are 529 plans a good option to pursue for education planning goals?
x
Why are 529 plans a good option to pursue for education planning goals?
529 plans are a good option to save for higher education because they are tax-deferred, they earn interest, they allow for automatic investments and you can contribute as much money as you’d like.
open
Will 529 savings plans affect a student's chance to qualify for financial aid?
x
Will 529 savings plans affect a student's chance to qualify for financial aid?
Yes. A 529 savings plan functions as capital that the parent possesses.

 

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