Education Funding

With education costs increasing every year, NOW is the best time to start saving for your child's future.

At KBK Wealth Management, our professionals can help you find a suitable college investment program for your children or grandchildren and potentially save on taxes as well.

We can help you take advantage of a Section 529 education savings plan:

  • We will find a program that can help you save significant sums for higher education, and we can help you understand how to use the plan most effectively.
  • We will devise a strategy to help you determine the right mix of investment alternatives.

Contact us to discuss your college savings objectives.

 

The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee a college-funding goal will be met. Earnings must be used to pay for qualified higher education expenses to be federally tax-free. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient's marginal rate and subject to a 10% penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.

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