Socially Responsible Investing
This site is published for residents of the United States only. Raymond James' financial advisors may only conduct business with residents of the states for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Contact your local Raymond James office for information and availability.
529 College Savings Plans
The new 529 College Savings Plans are the most innovative college savings programs available in the marketplace today. They offer investors a range of investment opportunities to meet broad investment challenges, including tax and estate planning benefits.
Tax Benefits
Tax Free Earnings - an investment in a 529 plan grows without the burden of federal (and in many cases State) income taxes.
Tax Free Distribution - Distributions for qualified educational expenses are tax free.
Estate Planning Benefits
Gift Tax Exclusions - investors can contribute $50,000 for each beneficiary in a single year ($100,000 for married couples) without triggering federal gift tax consequences, provided certain conditions are met.
Estate Tax Benefits - funds contributed to the 529 plan are excluded from the account owner's taxable estate for federal estate tax purposes.
Investment Options
Wide Selection of Investment Options - Participants can choose from a wide spectrum of investment options ranging from very conservative to more aggressive. Many plans have access to some of the country's top mutual fund management companies.
Flexibility
High Contribution Rates - contributions may be made to the 529 plan until the total value (contributions and earnings) of all accounts for the beneficiary equals $246,000.
No Income Levels - all investors can participate, regardless of their income or net worth.
Control - qualified withdrawals from the 529 plan must be used for higher education costs
Availability of Funds - the account owner may withdraw funds from their 529 plan for his or her own use at any time (income tax and a 10% penalty on earnings will apply for all non-qualified withdrawals).
©2006 Raymond James Financial Services, Inc. member FINRA / SIPC
This site is published for residents of the United States only. Raymond James' financial advisors may only conduct business with residents of the states for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Contact your local Raymond James office for information and availability.