529 College Savings Plan

"529 plans", named after Section 529 of the IRS code and also known as "municipal fund securities", are offered by states and educational institutions to help families set aside funds for higher education tuition expenses.

  • Anyone can be a beneficiary; there are no age restrictions
  • Anyone can make a contribution, regardless of income. Contributions may be tax-deductible at the state level
  • You can contribute up to 100% of the beneficiary's qualified education expenses, though gift taxes may apply
  • There's no federal tax, and in some cases no state tax, on earnings used to pay qualified educational expenses—which can include computer equipment, room and board and Internet services
  • Funds can be rolled into a plan for another family member

Because 529 plans vary from state to state, particularly as to state tax consequences and conditions on state tax benefits—and you can choose other states’ plans—it’s important to review the details of each plan. Remember that adverse tax consequences may apply, if withdrawals from a plan are not used for educational purposes.

An investor should consider the investment objectives, risks, and charges and expenses associated with municipal fund securities before investing. More information is available in the issuer’s official statement. Investors can obtain an official statement from their Associated Investment Representative or by calling Associated Investment Services* at 800-595-7722. The official statement should be read carefully before investing.

Learn more about saving for college.

529 college savings plans are offered by the licensed professionals within Associated Investment Services, Inc.*, one of the family of companies within Associated Banc-Corp.

Contact us to learn more about the 529 college savings plan or any other type of tuition fund today!

*SECURITES AND ADVISORY SERVICES ARE OFFERED BY ASSOCIATED INVESTMENT SERVICES, INC. (“AIS”), member FINRA and SIPC, d/b/a Associated Investment Services Group in Minnesota. • Securities offered are NOT deposits or obligations of, insured or guaranteed by Associated Banc-Corp (“AB-C”) or any bank or affiliate, are NOT insured by the FDIC or any agency of the United States, and involve INVESTMENT RISK, including POSSIBLE LOSS OF VALUE. • Advisory services may not be available in all locations. • Associated Bank, N.A. and AIS are affiliates of AB-C.

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