College Savings Plans

College can be a huge financial burden on a family. But if planned for, it doesn't have to be.

ESAs

Coverdell ESAs offer potential: tax 

benefits, flexibility of who holds account, income caps on owner, allows corporations to participate, can be used for educational expenses through K -12 & college, & can be rolled over between relatives.

529s

529s offer the potential for: tax advantages, can be rolled over to siblings, flexible contributions, and growth potential determined

by your state & individual circumstances.

IRAs & Annuities

IRAs and Annuities are predominately investment vehicles for retirement,and while not often used for education savings offer potential benefits: multiple types with different tax advantages,potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts. potential benefits: multiple types with different tax advantages, potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts.

UGMA/UTMAs

   UGMA/UTMAs offer the potential for: tax advantages, flexible use of funds (not just on college expenses), counted on the FASFA as student's income and affects Financial Aid Eligibility.

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Contact us: 866.790.9700

Securities and investment advisory services are offered through Sovereign Global Advisors, Registered Investment Advisor and members of FINRA and SIPC

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