Education Funding

With education costs increasing every year, now is the best time to start saving for your child's future.

At KBK Wealth Management, our professionals can help you find a suitable college investment program for your children or grandchildren and potentially save on taxes as well.

We can help you take advantage of a section 529 education savings plan by:

  • Finding a program that can help you save significant sums for higher education and helping you understand how to use the plan most effectively
  • Devising a strategy to help you determine the right mix of investment alternatives

The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that a college-funding goal will be met. In order to be federally tax-free, earnings must be used to pay for qualified higher education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10-percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.