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529 Plans
Named for their section in the Internal Revenue Code, 529 Plans allow states to offer investors professionally managed tax advantaged
portfolios to help meet rising college expenses. The benefits for investors include:
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The potential for tax free growth |
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A diversified portfolio of investments
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Control over withdraws for the life of the accord
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Proceeds may be used at any accredited post-secondary school in the U.S. Examples of who should consider a 529 Plan are:
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Parents saving for college |
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Investors, with time to save, in an above average federal tax bracket
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Grandparents looking to reduce their estate
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UGMA Custodians
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Favorable state-based benefits may be available only if the customer invests in a 529 Plan
offered by the customer or beneficiary's home state; any state-based benefits that are
available are one of many appropriately weighted factors that should be considered by the
customer in making his or her investment decision; and the customer should consult with a
tax adviser regarding the purchase of the 529 Plan. Howe Barnes Hoefer & Arnett, Inc.
encourages its customers to contact their home state to learn more about any state-based
benefits that might be available.
Equities/Mutual
Funds
Insurance
& Annuities
Advantage
Account (includes checks or debit cards, direct deposits & ATM access offered through First Clearing, LLC)
529
Plans
Professional Money Management
available through Separate Account Managers
Howe Barnes Hoefer & Arnett, Inc. ©2006 All Rights Reserved.
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