This holiday season, children and grandchildren can unwrap one of the greatest gifts with lasting impact: A college education from smart parents and grandparents learning how Wells Fargo Advisors helps families take advantage of flexible, tax-advantaged ways to save and invest for education expenses.
“College costs are skyrocketing, so it’s never too early to start thinking about college funding alternatives such as custodial accounts, educational IRAs and 529 plans – now one of the most popular ways of investing for college,” said Michael Shear, a Managing Director-Investments in the Wells Fargo Advisors’ Aventura branch. “Choosing a 529 plan for college funding is beneficial in terms of tax advantages, flexibility, ease of use and maintenance,” Shear explains. “529 plan assets will likely be accepted at thousands of eligible schools nationwide, including undergrad, graduate, post-grad, and even vocational or trade schools.” 1Key benefits distinguishing 529 plans include:
• There are no federal taxes when earnings are used for qualified expenses2
• Anyone can make contributions, regardless of their income and payments can be tailored to individual budgets
• Substantial contribution amounts allowed may result in significant estate-planning benefits3
“There are many 529 plan choices,” Shear said. “Wells Fargo Advisors can help you select the one that best fits your needs. Whether college is years away – or right around the corner, ‘investing today for their education tomorrow’ is the greatest gift you can give that will last a lifetime.”
Close to home in Aventura, people of all ages can benefit from guidance provided by Wells Fargo Advisors’ team of over 40 experienced financial advisors providing investment services such as portfolio management, advisory and business services, estate investment planning, retirement planning and investment products. For more information about the Wells Fargo Advisors Aventura branch, 19950 West Country Club Drive, phone: 305-935-3800.
Wells Fargo Advisors, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company. 1Schools must be eligible to participate in federal student financial aid programs. 2The availability of such tax or other benefits may be conditioned on meeting certain requirements. 3Wells Fargo Advisors is not a tax or legal advisor. Please consult with your tax or legal advisor regarding specific estate planning benefits you may qualify for. You should consider a 529 plan’s investment objectives, risks, charges and expenses carefully before investing. The plan’s official statement, which contains this and other important information, should be read carefully before investing. Keep in mind that the investment return and principal value of the investment options in a 529 plan will fluctuate such that your shares, when redeemed, may be worth more or less than your original investment.
