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Invest in your childs future and
set them up for success
Financial Consultant | 529 College Savings Plan | 24/7 Access
Invest in your childs future and
set them up for success
Financial Consultant | 529 College Savings Plan | 24/7 Access
Of all the investments you make over your lifetime, your children’s education is one of the most important. Set them up for success with a 529 Plan or a Coverdell ESA, both of which allow any money you earn to grow tax-free. You won’t pay taxes on your withdrawals either, as long as you put the money toward a qualified education expense. Coverdell ESAs and 529 Plans give your money a chance to compound faster, and valuable tax benefits enable you tokeep more of what you earn.
Whether college is just around the corner or years away, now is the time to start saving.
Withdrawals:
Must be used for college
Portfolio control:
Investment portfolios are determined by a team of financial experts
Contribution limits:
There is a $15,000 annual contribution limit (per beneficiary) and a $475,000 overall limit
Age limits and requirements:
There are no age limits or requirements on federal 529 Plans, but some states have age restrictions
Special considerations:
Your state might offer a 529 Plan that provides state tax benefits, so you should look into that before investing.
Withdrawals:
Can be used for K-12 education and/or college
Portfolio control:
You choose your investments and customize your portfolio
Contribution limits
There is a $2,000 annual contribution limit (per beneficiary)
Age limits and requirements:
Must make all contributions before the beneficiary turns 18, and must make all withdrawals by age 30
Special considerations:
There are limits to the amount you can contribute if your income is above a certain level; ask your Financial Advisor/Consultantfor more details
Prior to investing, consider whether the home state of the investor or designated beneficiary offers any state tax, or other state benefits. Possible benefits include, 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.
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. Redstone Federal Credit Union® (RFCU®) and Redstone Brokerage Services (RBS) are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name RBS, and may also be employees of RFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of RFCU or RBS. The RBS site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL and TN.
Redstone Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
Securities and insurance offered through LPL or its affiliates are:
| Not Insured by NCUA or Any Other Government Agency | Not Redstone Federal Credit Union Guaranteed | Not Redstone Federal Credit Union Deposits or Obligations | May Lose Value |
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.