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IBC Bank Investment Services
Advantages of 529 Plans by IBC Bank

529 Plans

Section 529 college savings plans have been established by most states, including Oklahoma and Texas, and are offered to residents of all states. 
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

Advantages of 529 Plans:
  • Large contributions per beneficiary
  • No income limitations or age restrictions
  • Donor retains control of account
 
Learn more about strategies to attain your financial goals, such as Retirement Solutions, IRAs, Changing Jobs (Rollovers), Retiring (Rollovers and Immediate Annuities),College Savings, Financial Guidance, and Estate Tax Planning.
 
 
Contribution limits are generally expressed as a lifetime contribution cap or a maximum account balance. The maximum account balance limit usually is linked to the reasonably expected costs of 5 years of tuition, mandatory fees, room and board at the most expensive school in the plan.
 
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
 
Securities offered through LPL Financial, member FINRA / SIPC. Insurance products offered through LPL Financial or its licensed affiliates.
IBC Bank and IBC Investment Services are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured IBC Bank deposits and are not FDIC insured. These products are not obligations of the IBC Bank and are not endorsed, recommended or guaranteed by IBC Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.