The increasing importance of a college education is matched by increasing cost. Parents who are concerned about investing for their children’s college education need to be aware of the current expenses for a college degree. Cost of today’s college degree may not be the same when their child attends college. Placing money into a savings or checking accounts may not provide them with the returns needed to be prepared college expenses. We can meet with parent’s to develop a plan on saving for their children’s future.
Some potential advantages in contributing to a 529 plan are:
- Investments in the Stock Market
- Asset Allocation
- Eligibility for State Tax deduction
- Tax Deferred Growth Potential
Asset allocation does not ensure a profit or protect against a loss. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tution program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
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Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products offered through LPL Financial or its licensed affiliates. Alabama Teachers Credit Union and Alabama Teachers Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Alabama Teachers Investment Services, and may also be employees of Alabama Teachers Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of Alabama Teachers Credit Union or Alabama Teachers Investment Services. Securities and Insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value
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