 - 529 Plans – Education savings
plans operated by various states that help you
save for education costs. Your savings grow tax-free, and distributions
that are used to fund college costs are free of federal taxes, although
state income taxes may apply. (By investing in a 529 plan outside of the
state's plan in which you pay taxes, you may lose any tax benefits offered
by the state's plan. Withdrawals used for qualified expenses are federally
tax-free. Federal income tax-free withdrawals from state sponsored
529
plans are for the years 2002-2010 unless Congress extends this law.
Tax treatment at the state level may vary.)
- Coverdell Education Savings Accounts – Similar to an IRA, a Coverdell
ESA allows you to make annual contributions that grow tax-free until you
withdraw the funds. Eligibility requirements apply.
• In keeping with your time horizon and investment preferences, we’ll create a
sound strategy and provide periodic reviews to analyze any modifications that
may be needed.
Calculators
LNB Financial Services, Lyons Bancorp and the Lyons National Bank, are not
broker/dealers, insurance companies or insurance underwriters, nor are they
affiliated with Linsco/Private Ledger.
Securities & insurance products offered through Linsco/Private Ledger, Member NASD•SIPC
Insurance and Investments are:
LNB Financial Services > Investments > Education Savings
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