College costs are rising, and planning ahead is the best course of action. With so many options available in 529 plans, you want to find the one that maximizes savings, limits tax exposure and fees, and allows the most flexibility in spending funds on college costs. We'll help you take advantage of these valuable college savings plans.
- Open a 529 plan regardless of your income level.
- Apply funds to pay the full cost at any accredited college or graduate school in the United States or abroad.
- Defer taxes on your contributions and withdraw earnings tax-free. (Please consult your tax advisor for more details.)
- Receive additional tax benefits depending on the state's 529 plan.
- Contribute $350,000 and more in most cases, though limits vary by state.
Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing. More information about specific 529 plans is available in each issuer's official statement, which should be read carefully before investing. Also, before investing, consider whether your state offers a 529 plan that provides residents with favorable state tax benefits. As with other investments, there are generally fees and expenses associated with participation in a 529 savings plan.
There is also the risk that the investments may lose money or not perform well enough to cover college costs as anticipated.
Investment and insurance products are offered through OSAIC INSTITUTIONS, INC., Member FINRA/SIPC. Osaic Institutions and First Bank are not affiliated. Osaic Institutions does insurance business in California as Osaic Institutions Insurance Agency, CA Agency License #OH30186. Products and investment advisory services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. First Bank Wealth Management is a trade name of First Bank, and certain products and services are provided through First Bank, and its affiliates and subsidiaries. Neither Osaic Institutions or First Bank, nor any of their affiliates or financial advisors, provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Use FINRA’s BrokerCheck to learn about the professional background, certifications, licenses, and any regulatory violations or complaints for any financial advisor.