Education Planning


Saving for future education can be a daunting task, and the usual questions about how much and where to invest arise. We can help you construct an education plan and determine the most appropriate investment vehicle for you.

The 529 Plan

The 529 Plan is the most common education investment vehicle, as the funds grow tax-free if withdrawn for qualified education expenses. These plans are state-specific and are often the most restrictive in investment options and allocation changes. Alternatives do exist and, depending on your specific situation, we will recommend the vehicle we feel is the most appropriate.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and 529 Product Program Description, which can be obtained from a financial professional and should be read carefully before investing. Depending on your state of residence, there may be an in-state plan that offers tax and other benefits which may include financial aid, scholarship funds, and protection from creditors.. Before investing in any state's 529 plan, investors should consult a tax professional. If withdrawals from 529 plans are used for purposes other than qualified education, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.