Saving for Education
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 his or her 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.
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.
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 wholly-owned subsidiary of M&T Bank. Investment products may involve risk, including possible loss of principal.
Investment and Insurance Products:
• Are Not Insured by FDIC or any Federal Government Agency
• Are Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate
• May Go Down in Value
Form CRS - Business Continuity Plan - Commission & Fee Schedule - Financial Statement - Conflicts of Interest Disclosure - Order Routing Disclosure - Day Trading Disclosure - BrokerCheck
On April 2, 2022, People’s United Bank, N.A. merged into M&T Bank. It is now part of M&T Bank and its former branches and most services will operate as the People’s United division of M&T Bank until we complete the integration of our systems later in 2022. M&T Bank is a Member FDIC, 
Equal Housing Lender and Equal Opportunity Lender.