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Q&A with Bell Investments
A. For many, saving for college is a major financial goal. You may want to consider investing in a 529 college savings plan. A 529 plan gives you the option to invest in mutual funds and other investments and, if your child goes to a qualified institution, the withdrawals of the principal and earnings from the 529 for education will be tax-free. Before investing in a 529 plan, investors should carefully consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 plan.
Let’s visit about your financial goals and plan ahead for college savings. It’s worth it for your student’s future! Call me today.
Paula Swanson, CRC®
Before investing in a 529 plan, investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits, such as financial aid, scholarship funds, and protection from creditors that are only available for investments in the state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax-free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Investing in mutual funds involves risk, including possible loss of principal.
Securities and financial planning offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Bell Bank and Bell Investments are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Bell Bank deposits and are not FDIC insured. These products are not obligations of the Bell Bank and are not endorsed, recommended or guaranteed by Bell Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.
This LPL financial registered representative may only discuss and/or transact securities business with residents of the following states: Ariz., Fla., Iowa, Md., Minn., Mont., N.D. and Okla.
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