529 College Savings Plan
Next to retirement, the biggest expense many people are likely to face is the cost of putting their children through college. Over the last 10 years, the cost of a college education has risen more than twice as fast as the consumer price index. Saving for college has become a top priority in the United States. A 529 plan is a convenient, tax-free way to save for college. (Beginning in 2002, withdrawals from 529 plans for qualified education expenses are not subject to federal income tax.)
City Securities offers 529 plans with a variety of investment options which offer the opportunity to keep pace with the rising cost of college expenses. Contact us or your Financial Advisor for more information on the advantages of using a tax-free 529 plan to save for education expenses. Our Financial Advisors can help you by putting together a complete plan that estimates what you may be facing in future education expenses and by developing a strategy to help take the stress out of saving for college.