The “529 Plan” A Powerful College and Estate Planning Tool The “529” Plan is a college savings plan that allows US Citizens and permanent residents to invest money for higher education on a Tax Advantaged basis, for use at any accredited post secondary school, college or university in the country. Why Start Now? -Saving for college is most investors’ number-two investment goal, behind retirement. -The average four-year private college including room & board now exceeds $23,500 and is expected to rise up to $150,000 ten years from now. Donor Advantages -Contirbutions treated as a completed present-interest gift for gift tax purposes. -No income limitations or age restrictions Beneficiary Advantages -Gains on investments grow federally tax-deferred until withdrawn -Advantageous Financial Aid Impact To set up a “529” Plan consultation, please call us at 630-377-2600 or contact us via email at buckiins@aol.com
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