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  • 529 College Savings Plan Disclosure Statement

Get 529 College Savings Plan Disclosure Statement

H. BECK, INC. Member FINRA, SIPC 6600 Rockledge Drive, 6th Floor, Bethesda, MD 208171806 Phone: 3014680100 Fax:3012315504 PURCHASE OF 529 COLLEGE SAVINGS PLAN DISCLOSURE STATEMENT Account Registration:.

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When the owner is a dependent student or custodial parent(s), the total value of the 529 plan is reported as an investment asset of the parent(s) on the FAFSA® form.

Unlike an IRA, contributions to a 529 plan are not deductible and therefore do not have to be reported on federal income tax returns. What's more, the investment earnings in your account are not reportable until the year they are withdrawn.

529 plans provide federal tax benefits, including tax-deferred growth and tax-free withdrawals for qualified education expenses.* You may also be able to deduct your contributions from your state income tax (or get a state tax credit) depending on where you live.**

529 plan document that has detailed information about the 529 plan; often called a disclosure statement, disclosure document, program description, or offering document.

A 529 college savings plan is a state-sponsored investment plan that enables you to save money for a beneficiary and pay for education expenses. You can withdraw funds tax-free to cover nearly any type of college expense. 529 plans may offer additional state or federal tax benefits. 529 Investment Options.

To properly document a qualified expense paid for with a 529 savings account, you should save all receipts, bills, and other documentation related to what the funds are being used for. I suggest keeping a spreadsheet (Google Sheets for the win) of all withdrawals, and how the funds were used.

Please consider the investment objectives, risks, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your Financial Advisor. Read it carefully before you invest.

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232