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College Planning

Every parent wants to provide their children with the best opportunities in life. At Wall Street Alliance Group we believe that the greatest gift that you can give to your children is the gift of education. The job market is becoming exceedingly competitive which makes college education very important. College costs are rising every year and for parents it becomes prudent to start planning for this major expenditure as early as possible. We encourage our clients to save for their children’s education by investing in college 529 plans which may offer the following benefits:

  • Investments grow on a federally tax deferred basis.
  • Withdrawals are also generally federally tax free as long as the funds are being used for qualified higher education expenses.
  • Funds can be used at most accredited colleges and universities in the United States.
  • Beneficiaries can be changed for unused funds.

Each individual’s situation is unique and we can help design a plan which will suit your specific needs. Call one of our experienced financial professionals at (866) 535-8771 to schedule a consultation.

Investments in 529 plans involve risks to principal and may involve additional fees. 529 plans offer no guarantees. Depending on your state of residence and the state of residence of the beneficiary, the plan may or may not be eligible for state tax benefits. There are exceptions to the gift tax and estate tax exemptions; please contact a qualified tax, legal or financial advisor for more information prior to investing.