529 Plans
Provided by MidAmerica Financial Resources
There may be potential benefits of 529 plans for you.
A few tidbits about this powerful savings/investing tool:
- While 529 plan assets can be used to pay for tuition and books, they can also pay for computers, internet access and other equipment.
- 529 plans aren’t just for college. They can be used to pay up to $10,000 per year per student for K through 12th grade programs.
- 529 assets can also be used to pay for registered apprenticeship programs and repayment of college debt.
If you’d like to learn more about how we can assist you in setting up a 529 plan, please contact our office for more information or to schedule a consultation.
Looking forward to connecting soon.
Prior to investing in a 529 Plan, investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
This material was prepared for MidAmerica Financial Resources use.
MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us
Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.
