The cost of higher education continues to rise faster than the rate of inflation. For most families, saving for the costs of education is preferred to “writing a check” when the time comes. A wide variety of educational savings options are available, and each offers different features and benefits. Painter & Johnson Financial has helped many families prepare for the expense of higher education, and we are prepared to help you plan for your children’s or grandchildren’s education.
Among our most recommended educational savings programs is the “529 plan.” Created by section 529 of the Internal Revenue code in 1996, a 529 savings plan is a qualified tuition program designed specifically to save for college. A distinct feature of 529 savings plans is the ability to earn tax-deferred growth on earnings and utilize federal income tax-free distributions.
Investing in 529 Plans involves risk, including the possible loss of principal.
There are a great many 529 savings plans, each with their unique advantages. Painter & Johnson Financial is here to help you decide which plan is right for you. Our financial professionals will match the right 529 plan to your particular goals and risk preferences. With 529 Plans it is important that you read the prospectus prior to investing any monies.
Call us today to discuss your family’s education plans, and begin saving for tomorrow’s needs.
These products and services are offered under WFG Investments, Inc.