Do you have $138,000 for your child’s college education?
The average cost of attending a University in California for one year is $34,500. And it’s only getting more expensive.*
But college planning is tricky. If done incorrectly, the amount of financial aid a student could receive could be negatively impacted. Luckily, Congress has helped by creating the 529 college savings plan.
There are five significant benefits to a 529 college savings plan:
There are other considerations when deciding to fund a 529 plan. Clients should take into account any potential expenses, sales charges and/or penalties for selling or buying investments.
If you are wondering if a 529 plan is right for you, or have any other questions, feel free to give us a call at 415-898-4439 or email us at email@example.com.
Click here for a helpful chart comparing different college savings plans
*Source - University of California
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 benefits that are only available for investments in such state’s qualified tuition program. Tax treatment of withdrawals at the state level may vary. Please consult with your tax advisor before investing.