Looking for a tax-advantaged college savings plan that has no age restrictions and no income phaseout limits — and one you can use to pay for more than just tuition? Consider the 529 college savings plan, an increasingly popular way to save for higher-education expenses, which have more than tripled over the past two decades — with annual costs (for tuition and fees, and room and board) of more than $45,000 per year for the average private four-year college.1
Earnings from 529 plans are not taxed when used to pay for eligible college expenses. And there are even consumer-friendly reward programs that allow people who purchase certain products and services to receive rebate dollars that go into state-sponsored college savings accounts.
At Gulf Coast Educators Investment Center, our advisors can help you compare different plans and determine which might be best for your personal situation. You may find that 529 programs make saving for college easier than before. You can read more about 529 plans by clicking here.
1) The College Board, 2017
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Securities offered through SWBC Investment Services, LLC, a registered broker/dealer. Member SIPC & FINRA. SWBC Investment Services, LLC is not affiliated with this institution. FUNDS SHOULD NOT BE CONSIDERED A DEPOSIT OR GUARANTEED BY THIS INSTITUTION, MAY LOSE VALUE, AND ARE NOT NCUSIF INSURED.