What Is A 529 Plan?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
Why Start A 529 Plan?
- You own the assets
- Tax-deferred growth
- Tax-free disbursement for qualified colleges
- Other Tax Benefits
How To Start A 529 Plan With Magellan Financial?
We take the time to assess your individual situation and to determine which college saving option would be the most beneficial for you and your child. Contact Us to confirm if a 529 College Saving Plan is right for you and your child.
Please note: This material has been prepared for informational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. The accuracy and completeness of this information is not guaranteed and is subject to change.
Wells Fargo Advisors Financial Network and its affiliates do not provide legal or tax advice. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.