Saving for College

There are a lot of ways to save for college. Investing in the stock market, CDs and more. But a college savings plan may be the best option. Many college savings plans are tax-advantaged with no age restrictions, no income phase-out limits, no residency requirements and can be used for more than just tuition.

Consider the 529 savings plan, an increasingly popular way to save for higher-education expenses, which are expected to more than double over the next two decades - with tuition increasing from $7,472 to $15,879 per year for the average four-year college. Named after the section of the tax code that authorized them, 529 plans (also known as qualified state tuition programs) are now offered in almost every state.

Want to learn more about the 529 Plan? Just contact a financial advisor at 800.637.0852 x3371or use the online contact form and they'll get you on the right education track.