SEFCU Wealth Management Services Education Investment (529 Plans)*

Overview

College Planning Starts Here.

Will you be ready? SEFCU Wealth Management Services can show you how with a 529 Plan.

stack of books

 

FEATURES & BENEFITS

Tax-Advantaged Education Investment

If college tuition is in your future you'll need a good strategy, and SEFCU Wealth Management Services is ready to help! Through our advisors' affiliation with LPL Financial we offer access to college savings plans (also called 529 Plans) that enable you to save for education while reaping these benefits:

  • Tax-free growth. The funds you invest in a 529 Plan grow tax-free. That means you pay federal taxes now, but not on any withdrawals you make later for qualified education expenses such as tuition, room and board, supplies, and equipment.
     
  • Affordability. You can start a 529 Plan with as little as $25.
     
  • Flexibility. A 529 Plan gives you many choices. For instance, you don’t have to establish your account in the state where you live. The savings you accumulate can be used at hundreds of participating colleges across the nation. You can open accounts for any number of people, including yourself, regardless of age. And if your child decides not to go to school, you can designate the funds to be used for someone else’s education expenses.

 

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 tuition 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.

piggy bank

 

Education Investment (529 Plans)**

College Planning Starts Here

Tax-free growth

Flexibility

 

View plan

More to think about...

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. SEFCU and SEFCU Wealth Management Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using SEFCU Wealth Management Services, and may also be employees of SEFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, SEFCU or SEFCU Wealth Management Services. Securities and insurance offered through LPL or its affiliates are: