Federal Tax Advantages: Contributions grow tax-deferred and earnings are tax-free; used to pay the beneficiary’s qualified education expenses.

State Tax Advantages: High Contribution Limits. State-sponsored college savings plans let you save up to $14,000 per year for your child’s college costs without having to file an IRS gift tax return. Some states have no contribution limits, and you don’t have to live in those states to invest.1Tax Incentive. Many states offer income tax incentives for residents.

Anyone Can Contribute: Parents, Grandparents, Aunts, Uncles… Does your child have too many toys? Ask friends and family to make a contribution instead. It’s easy, we can show you how!

Flexibility- If your child doesn’t want to go to college or can’t, you can change the beneficiary to another child in the family, or roll the funds into another account for the same beneficiary, tax-free.2,3

College is expensive, but the right planning can make a difference!

Make your no-cost, no obligation appointment with a Lifetime Financial Advisor located at Sun Federal Credit Union: 

Call Us in Ohio Call Us in Pennsylvania 

Citations: 1http://www.irs.gov/uac/529-Plans:-Questions-and-Answers   2 www.irs.gov/newsroom/article/0,,id=213043,00.html [2/28/12]   3 money.cnn.com/pf/college/features/529plan/ [6/7/12]


For Ohio Members: Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members.  FR-1144821.1-0315-0417

Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.