facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause
529 Plan Basics [Infographic] Thumbnail

529 Plan Basics [Infographic]

College Planning Investing Infographic

The content appearing on this page is developed by Twenty Over Ten, an FMG company, from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.

Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans prior to investing.  This and other important information is contained in the fund prospectuses, summary prospectuses and each issuer’s official statement, which can be obtained from a financial professional and should be read carefully before investing.

There is a risk that the investments may not perform well enough to cover the cost of college as anticipated.  Investors should also consider whether their state offers any favorable state tax benefits for 529 plans, and whether such benefits are contingent upon use of the in-state 529 plan.  Other state benefits may include financial aid, scholarship funds and protection from creditors.

For withdrawals not used for qualified education expenses, earnings may be subject to taxation as ordinary income and a 10% federal income tax penalty.

Check the background of this advisor on FINRA’s BrokerCheck.