New Amsterdam Life
   A 529 plan is a tax-advantaged college savings plan created to    encourage saving for future education expenses.   T...
Please Call Us At Toll-Free No. 1-866-881-6202   Most 529 savings plans offer a variety of age-based asset    allocation ...
   A prime benefit of the 529 plan is that the principal grows tax-    deferred and distributions for the beneficiarys co...
Please Call Us At Toll-Free No. 1-866-881-6202   529 plans generally have very low minimum start-up and    contribution r...
 Spouse Son, daughter, stepchild, foster child, adopted child,  or a descendant of any of them. Brother,   sister, step...
Please Call Us At Toll-Free No. 1-866-881-6202 Son     or daughter of a brother or sister. Brother     or sister of fath...
OREmail us at:info@newamsterdamlife.com Our Official Websitehttp://newamsterdamlife.com/
Join Our Social Network
Upcoming SlideShare
Loading in …5
×

529 plan, College Savings plans

428 views

Published on

529 Plan is a tax-advantaged college savings plan created to encourage saving for future education expenses. With an investing in a 529 College Savinvgs Plan will generally reduce a student's eligibility to participate in need-based financial aid.

Published in: Economy & Finance, Business
  • Hi I'm Rita
    I saw your profile, I must confess I picked interest in it and if you do not mind I'd like you to write me on this ID (ritamendy1@yahoo.in) I'm waiting to read from you, because I have something very important and urgent to tell you. in my response I will send my picture, I'll be waiting for your response on this email id (ritamendy1@yahoo.in) Please write me at THIS SITE, THANKS
    Lots of love
    Rita
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

529 plan, College Savings plans

  1. 1. New Amsterdam Life
  2. 2.  A 529 plan is a tax-advantaged college savings plan created to encourage saving for future education expenses. There are two types of 529 plans: prepaid and college savings plans. Prepaid plans allow one to purchase tuition credits at todays rates to be used in the future. Therefore, performance is based upon tuition inflation. College Savings plans are different in that all growth is based upon market performance of the underlying investments, which typically consist of mutual funds.
  3. 3. Please Call Us At Toll-Free No. 1-866-881-6202 Most 529 savings plans offer a variety of age-based asset allocation options where the underlying investments become more conservative as the beneficiary gets closer to college age. Prepaid plans may be administered by states or higher education institutions. Savings plans may only be administered by states. Although states administer College savings plans, record- keeping and administrative services for many savings plans are usually delegated to a mutual fund company or other financial services company.
  4. 4.  A prime benefit of the 529 plan is that the principal grows tax- deferred and distributions for the beneficiarys college costs are exempt from tax. Second, the donor maintains control of the account. With few exceptions, the named beneficiary has no rights to the funds. Most plans even allow you to reclaim the funds for yourself any time you desire. Third, a 529 plan can provide a very easy hands-off way to save for college.
  5. 5. Please Call Us At Toll-Free No. 1-866-881-6202 529 plans generally have very low minimum start-up and contribution requirements. Everyone is eligible to take advantage of a 529 plan, there is no age restrictions. Act of 2007, 529 college savings plans and prepaid tuition plans are now treated as an asset of the account owner. Another benefit with 529 Plans is the ability to transfer unused amounts to other qualified members of the beneficiarys family without incurring any tax penalty.
  6. 6.  Spouse Son, daughter, stepchild, foster child, adopted child, or a descendant of any of them. Brother, sister, stepbrother, or stepsister. Father or mother or ancestor of either. Stepfather or stepmother.
  7. 7. Please Call Us At Toll-Free No. 1-866-881-6202 Son or daughter of a brother or sister. Brother or sister of father or mother. Son-in-law,daughter-in-law, father-in-law, mother-in- law, brother-in-law, or sister-in-law. The spouse of any individual listed above. First cousin.
  8. 8. OREmail us at:info@newamsterdamlife.com Our Official Websitehttp://newamsterdamlife.com/
  9. 9. Join Our Social Network

×