Saving for college can be rewarding, but also confusing. Each state has different plans and different rules.  If you are planning for the education of a youngster, get started today with a call to your Anderson & Strudwick investment counselor.

Other Sources of Information:

CollegeAmerica 529 Savings Plan

www.savingforcollege.com

www.putnaminvestments.com

www.alliancecapital.com

A 529 College Savings Plan is a state-sponsored, tax-advantaged savings plan that can help families and individuals save for higher education expenses. These plans offer a number of benefits, including tax-deferred growth and federal income tax-free  withdrawals when used for qualified education expenses. This federal income tax-free treatment of qualified withdrawals and other federal tax benefits are now permanent for 529 plans through the passage of the Pension Protection Act of 2006.