Wealth Income Solutions LLC
Multi-Generational Planning
College Planning Today
"Growth exempt from Market Volatility"
When it comes to the biggest investment you'll make for your loved one's future, it's imperative to not limit yourself to investment-options that can provide tax-penalties for any direction outside of higher education. The historical model for college planning extends from the 529 plan. First introduced in 1986, funds being deposited into this account are pre-tax status (qualified) and can be withdrawn tax-free, without penalty, when used for higher education on an approved university list. Any scenario of a withdrawal outside of higher education will prompt a taxable event (treated like a Traditional IRA). In other words, unless your loved one attends the school you pick several years later at full-time status, the funds are 100% taxable and eligible for withdrawal (without penalty) after the age of 59 1/2 years old. There are better alternatives to the 529 plan.
How Multi-Generational Planning Benefit Families
Cash-Value Calculator
Give your loved one a head start in life by providing guidance and direction for a new generation. With as low as $150 monthly over 10 years, you can put them ahead of the game from the start! You'll be able to protect your loved one's interests throughout their lifetime! See below for yourself!