A Key Investment Services Financial Advisor can help you reconcile competing long-term goals, so you don't have to choose between the retirement you envisioned and helping a loved one pay for college. We're dedicated to finding solutions that let you have the life you want while realizing all your long-term plans.
* You should consider many factors before deciding which 529 Plan is most appropriate. Some of these factors include: The Plan's investment options and the historical performance of these options, the Plan's flexibility and features, the reputation and expertise of the Plan's investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the plan. You should discuss the tax implications of 529 Plans with you legal and/or tax advisors, as features may vary significantly from state to state. While federal tax treatment of 529 Plans is identical regardless of the state Plan, state tax treatment varies. State tax treatment may vary for "in-state" and "out-of-state" residents. Generally, state tax laws affect the contributor by way of deductibility of money going into the account, and the beneficiary and/or contributor by way of the possible taxation or distributions coming out of the account. Please read the Plan Disclosure Document before investing. It includes details about the Plan's risks, charges and tax treatment. Most 529 Plans will accept both "in-state" and "out-of-state" applicants. Each stat'es 529 Plan must be evaluated based upon its own merits relative to your needs, and the tax effects on the contributor and the beneficiary.
- Withdrawals in excess of qualified higher education expenses may be subject to federal income taxes and a 10% additional tax on the amount included in income
- Plan holdings could reduce beneficiary's ability to qualify for grants and student loans
- Some states offer benefits for residents who invest in their state's plan, including deductions for contributions and/or exemptions form state for qualified withdrawals
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
Investment and insurance products made available through KIS and KIA are:
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank. KIS and its representatives do not provide tax advise. Individuals should consult their personal tax advisor before making any tax-related investment decisions.
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