College Planning. Are you planning for college? Let our Financial Consultants develop a strategy to put you in the driver's seat for planning your child's college fund.
We offer several ways to help you invest for education,
including:
- Education IRAs - Tax-deferred accounts that allow you to save
up to $2,000 a year per child. Earnings can be withdrawn tax-free when
used for the child's education.
- Custodial Accounts (UGMA, UTMA) - Accounts set up in the child's
name. Earnings are taxed at the child's marginal tax bracket, rather
than yours.
- 529 Plans - Another type of account in which money invested
for educational purposes can grow tax-deferred. Since the specifics of these plans vary from state to state, please contact a Financial Consultant or Financial Specialist at your local U.S. Bank branch to determine which one best meets your needs.
Stop by your nearest U.S. Bank branch and talk to
a financial professional today.
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