Give the gift of education
While saving for college may seem like an overwhelming task, the decision to start to save is key. Smart planning and guidance can help your student reach their goals.
529 College Savings Plans
With a 529 savings plan, you can save for anyone – your child or grandchild, a niece or nephew, a friend or even yourself. These plans, generally sponsored by individual states, provide a tax-advantaged way to save for qualified higher education expenses. 529 plans can also be used for withdrawals up to a limited amount for qualified elementary and secondary education expenses.
There are no income limits on what you can contribute. Plan assets are professionally managed by independent investment firms or state government agencies, and may be invested in a variety of mutual funds and age-based portfolios offered through different mutual fund companies.
Coverdell Education Savings Accounts
Save for your child’s qualified elementary, secondary and higher education expenses. Set money aside to grow tax deferred until distributed when the child reaches 18 years of age. There are also certain contribution and income limits you need to consider, and withdrawals must be used for qualified education expenses before the beneficiary turns 30, otherwise income and penalty taxes may apply.

College Savings: Negotiating the Labyrinth in Newly-Volatile Markets
The return of volatility in the investment markets may or may not prove long-lived this time around, but college savers don’t want to take the risk: They may need to call upon their accounts to produce for their children or grandchildren in the next few years, and they don’t want to face the prospect of severe account depletion.

Disclosure
Investment and insurance products are offered through People’s Securities, Inc., a Broker/Dealer, member of FINRA and SIPC, an insurance agency. People’s Securities, Inc. is a subsidiary of People’s United Bank, N.A. Investment products may involve risk, including possible loss of principal. Investment and Insurance Products are:
• Not Insured by FDIC or any Federal Government Agency • Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate • May Lose Value |
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