Magellan Financial Advisors

Asset & Wealth Management in Allentown, Pa

The life you imagine is built on the decisions you make today.

 610-437-5650

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College Savings Options

Understand Your College Savings Options


College Savings Options in Allentown, Pa
A child’s education is the key to their future. Whether your child has big aspirations and you want to contribute more or you want to lessen the burden on your child in the future, at Magellan Financial, we offer a variety of college savings options that can help fit both you and your child’s needs.

 

Please consider the investment objectives, risks, charges and expenses carefully before investing. The official statement, which contains this and other information, can be obtained by calling your financial advisor.

College Savings Options We Assist With:

 

529 Plans

  • You own the assets
  • Tax-deferred growth
  • Tax-free disbursement for qualified colleges
  • Other Tax Benefits

UTMA Accounts

  • Earnings taxed to child
  • First, $1,050 unearned earnings is tax exempt
  • No limits on amount you can invest
  • No restrictions on using your investments

Coverdell Education Savings Accounts (ESA)

  • Superior investment flexibility
  • Lower Cost/Fees
  • Tax-free treatment for K-12 education expenses

 

We take the time to assess your individual situation and which college saving options would be the most beneficial for you and your child.  Contact Us to help you and your child plan for their future education.

 

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.

Summary
College Savings Planning
Service Type
College Savings Planning
Provider Name
Magellan Financial Inc.,
Area
Allentown, Pa
Description
Magellan Financial Inc. offers education planning services that 529 Plans, UTMA Accounts, Coverdell Education Savings Accounts, and other saving plans.

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Contact Magellan Financial Advisors

MAGELLAN FINANCIAL, INC.

1605 N Cedar Crest Blvd #111
Allentown, PA 18104 USA

 610-437-5650

Toll Free:  1-888-437-5650
Fax:  610-437-5654
Email:  Rob.Cahill@WFAFiNet.com
Click Here for Directions

Financial Services

  •  Investment Planning
  •   Investment Management
  •   Business Owners
  •   Retirement Planning Services
  •   401(K) Retirement Plans
  •   Socially Responsible Investing

Client Resources

  •   Educational Resources
  •   Family & Finances
  •   Business Financial Services
  •   Stock Market Review
  •   Retirement Planning
  • Life Insurance
Investments in Securities and Insurance Products:
Not Insured by FDIC or any Federal Government Agency
May Lose Value
Not a Deposit of or Guaranteed by a Bank or Any Bank Affiliate

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affliates of Wells Fargo & Company. WellsTrade brokerage accounts are offered through WFCS.

This information is intended for use only by residents of AZ, CA, CO, CT, DC, DE, FL, IL, IN, KY, MA, MD, NC, NJ, NM, NY, OH, PA SC, UT, VA, VT, WA, WI. Securities related services by Magellan Financial, Inc., may not be provided to individuals residing in any state not listed above. Insurance-related services may be provided by Robert I. Cahill, CFP, Managing Partner, only to individuals residing in: AZ, CO, FL, MA, NJ, NY, PA, SC, VA.

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  •  Home
  • Services
    • Investment Planning
      • Wells Fargo Advisors’ Envision® Process
      • Investment Planning Process
      • Life Insurance Services
      • Estate Planning Strategies
      • Impact Investing
    • Investment Management
    • College Savings Plans
      • College Savings Basics: How & When To Save
    • Business Financial Services
    • Retirement Planning Services
      • Retirement Is For Living
      • Social Security & Medicare Benefits
  • Impact Investing
  • Team
  • Become A Client
  • Work At Magellan
  • Blog
  • 401k
  • Contact