529 College Savings
A 529 College Saving Plan offers tax-advantaged savings for college. Saving today can make a big difference when it's time for college. According to the College Board, the average cost for a four year public school has increased nearly 51% over the last 10 years and is expected to continue rising. The costs of college can be cut in half by using a 529 Plan instead of relying on loans.
Going to college increases earning potential:
Among men, median earnings of four-year college graduates were 63% higher than median earnings of high school graduates in 2005.1
Among women, median earnings of four-year college graduates were 70% higher than median earnings of high school graduates in 2005.1
Plan benefits include:
- Federal income tax breaks with tax deferred contributions
- Possible State tax benefits (check with your state)
- Contributor retains control of the account
- Tax reporting needed only when you make withdrawals
- Flexible in that you can rollover to another 529 plan
- Provide protection for your employees
- Select from a variety of vendors
- Knowledgeable account managers available year round
- Options to fit your business needs
- Latest in technology
- With you every step of the way
- 40 years of experience