College Savings Plan

Investments

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. PeoplesFinancial and Insurance Services can show you how this innovative program allows you to put aside significant sums of money that can grow tax-free until withdrawn for qualified education expenses.* It also provides considerable estate planning benefits.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 PeoplesFinancial and Insurance Services Representatives.

 

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

Disclosure

PeoplesFinancial and Insurance Services are available at 1936 Memorial Drive, Chicopee, MA 01020 and 7 College Street, South Hadley, MA 01075. For your convenience you can meet with our PeoplesFinancial and Insurance Services Representatives at any other location by appointment only. Phone 413.538.9500

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. PeoplesFinancial and Insurance Services is a trade name of the bank. Infinex and the bank 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.

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