College Savings Plan


529 College Savings Plan

If you're thinking about meeting soaring college expenses in the years ahead, you might consider the 529 College Savings Plan. Plans are allowed under the Internal Revenue Code and sponsored by individual states, these plans allow higher contributions than education savings accounts. PeoplesWealth Advisory Group can show you how this innovative program allows you to put aside significant sums of money that can grow tax-free until withdrawn for qualified education expenses.* It also provides considerable estate planning benefits. So, it's both a great way to help your children or grandchildren get the higher education they need, and a smart way to lower estate taxes.

For more information, on our 529 College Savings Plans contact one of our PeoplesWealth Advisory Group Representatives.


*Nonqualified withdrawals subject to ordinary income tax upon withdrawal as well as a 10% IRS penalty.


PeoplesWealth Advisory Group is available at 1936 Memorial Drive, Chicopee, MA 01020 and 7 College Street, South Hadley, MA 01075. For your convenience you can meet with our PeoplesWealth Advisors at any other location by appointment. Phone 413.538.9500

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. PeoplesWealth Advisory Group is a trade name of PeoplesBank. Infinex and PeoplesBank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

Investing in a 529 Plan sponsored by your home state may provide state tax advantages. Consult your tax advisor.

Holyoke, Massachusetts 01040 | 413.538.9500 Connects to All Offices