529 College Savings Plans - Saving for college

With today’s rising costs for college and other education, it is
never too soon to begin planning.
What Are College 529 Plans?
529 college savings plans are one of the most important financial and tax
developments since the creation of the 401k plan. Section 529 college plans are
a tax deferred method of making contributions for college. These plans offer
numerous benefits to those who invest and are not just for parents and
grandparents. Every investor should know the basics about these exciting plans.
The
Fidelity Advisor 529 Plan is offered by the state of New Hampshire
and managed by Fidelity Investments. If you or the designated
beneficiary are not a New Hampshire resident, you may want to
consider, before investing, whether your or the designated
beneficiary's home state offers its residents a plan with alternate
state tax advantages or benefits.
The
ScholarShare Advisor College Savings Plan is offered by the
ScholarShare Investment Board, an agency of the state of California,
and managed by Fidelity Investments. If you or the designated
beneficiary are not a California resident, you may want to consider,
before investing, whether your or the designated beneficiary's home
state offers its residents a plan with alternate state tax
advantages or other benefits.
Note:
Atlantic Financial
is not affiliated with Fidelity Investments, we are proud to offer
their investment products and services to our clients.
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Fidelity Advisor 529 Plan |
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The State of New Hampshire |
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Fidelity Investments |
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Fidelity Advisor 529 Plan offers eight
Age-Based Portfolios, two Static Allocation Portfolios (100%
equity and 70% equity), and 11 Individual Fund Portfolios.
Participants (account owners) can work with an advisor to
select from the Age-Based Portfolios and Static Portfolios,
regardless of the beneficiary's age. They also have the
option to allocate contributions across the 11 Individual
Fund Portfolios based on the investor's goals and risk
tolerance. Advisors may also recommend that Participants
consider investing in the beneficiary's designated Age-Based
Portfolio to take advantage of Fidelity's unique roll down
structure when Age-Based Portfolios become more conservative
as the beneficiary approaches college-age. |
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Funds grow tax-deferred and can be
withdrawn federal income tax free for qualified higher
education expenses1. |
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Maximum contribution limit is $250,000
for 2003. |
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Open to anyone, regardless of their state
of residence2 |
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Can be used for a range of qualified
higher educational expenses (including costs such as books,
required supplies and equipment, room, and board) in
addition to tuition. |
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Can be used at most accredited
post-secondary schools, anywhere in the United States or at
eligible foreign institutions. |
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No income limits on participation. |
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Participants, usually parents or
grandparents, maintain control of account and distributions. |
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Accepts UGMA and UTMA assets. |
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Fidelity and MBNA America Bank, N.A.
launched the Fidelity Investments 529 College RewardsSM
Card, which may help accelerate college savings. |
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2% of eligible retail purchases
goes toward your Fidelity Advisor 529 Plan account3 |
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No limit on reward points you can
earn |
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No annual fee |
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No restrictive vendor network |
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Multiple cardholders can be
linked to one designated Fidelity Advisor 529 Plan
account. |
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An individual can give up to $55,000 in
one year to a Beneficiary without being subject to a gift
tax.4 |
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Through investment
professionals nationwide.5 |
In addition to saving for college did you know that
Creative IRA Roth planning can leave a significant tax free legacy
for a young child?