529 College Savings Plan

Why Save For College?

A college education can be the key to unlocking your child’s full potential. A good education will pay a lifetime of benefits, from income to creativity and independence. But education is an investment, and one that is getting more expensive each day.

A 529 College Savings Plan offers a tax-advantaged way to invest for the rising cost of college education.

Recipients will not pay federal income tax on the earnings while the account is invested and no federal income tax when money is withdrawn to pay for qualified college expenses at any accredited post-secondary school in the United States. Some states may offer state income tax benefits to residents. Please consult a tax advisor.

Anyone can contribute on behalf of the individual beneficiary, including parents, grandparents, other relatives and family friends. Whoever opens the account maintains control over the withdrawals, which gives three options if the beneficiary decides not to attend college: change beneficiaries, leave the assets invested in the plan for later use, or withdraw the assets (may pay penalties and taxes).

To find out more about college planning, please contact our Certified Financial Planner (CFP®): John V. Lyons, Infinex Investment Executive, 508-234-8112 Ext. 1009, or Email.

Important Information

529 Plans are municipal securities sponsored by individual states. Depending on your state of residence, there may be an in-state plan that provides tax and other benefits to you.  Before investing in any state's 529 plan, you should consult your tax advisor.

This website is for informational purposes and nothing on this website constitutes an offer to purchase or sell securities.

For more information about a particular non-deposit investment product, ask for a prospectus. Please read it carefully prior to investing.

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC.  UniVest Financial Services is a trade name of UniBank. Infinex and UniBank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.