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529 Savings Plan

Pursue Your College Funding Needs While Saving on Taxes

Saving for college is a lot easier than it used to be. Legislation and IRS rulings have brought about a number of benefits for families seeking to save for their children's education. Among these are changes to 529 plans -- state-sponsored college savings plans introduced in 1996. 529 plans now offer more flexibility, and earnings and qualified distributions are tax free. These features, combined with liberal contribution limits, make 529 plans potentially attractive vehicles for anyone looking to maximize their college savings while minimizing taxes.

To estimate how much you'll need to save for your child's education and how much a 529 plan can potentially save you in federal taxes, answer the following questions, then click Submit.


How old is your child?


  1. 0
  2. 4
  3. 9
  4. 14
  5. 18

Value:  

At what age does he/she intend to begin college?


  1. 15
  2. 19
  3. 22
  4. 26
  5. 30

Value:  

What type of college does he/she plan to attend?


How much financial aid do you expect to receive annually while your child is attending college?

$

What is your federal income tax rate?


What is the current balance, if any, of the 529 plan?

$

How much do you plan to contribute monthly to a 529 plan?

$

Which annual rate of return do you expect to earn on the investments in your 529 plan?