Did you know IRS Section 529 Education Plans can help you either to lock in tuition rates today or grow your money tax-free?
That's right, all US states offer a 529 investment plan which allows you to use 100% of the money invested in the plan--including gains--toward qualified educational expenses (tuition, room, board, computer, internet connection, books, etc.).
If you're concerned about rising college costs, nine US states (including Florida) have an expense-side 529 that allows you to lock in today's rates for tomorrow's college bound kids--even if your college bound kid was just born.
We can show you how to combine life insurance with college savings to help ensure your children's college costs are covered--tax free--even if you're not around to see it.
Did you know anyone can contribute to your child's 529 account? And they can pay five years up front, giving that money more time to grow.
529 Plans are easy to set up and you can even roll the funds over to a retirement account if your child doesn't attend college or has funds left over. You can also use a 529 for K-12 education (up to $10,000 per year), for vocational school, and at accredited schools anywhere in and outside the US.
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The information provided is derived from sources deemed to be reliable. It is not intended as tax or legal advice, which we do not provide. Please consult legal or tax professionals for specific information regarding your individual situation.
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