Calculators

Cash Flow

College

Credit

Home & Mortgage

Insurance

Investments

Paycheck & Benefits

Qualified Plans

Retirement

Saving

Taxation

As with other investments, there are generally fees and expenses associated with participation in a 529 savings plan. Qualified withdrawals are tax-free. Non-qualified withdrawals are subject to ordinary income tax and the earnings may incur a 10% penalty. The tax implications of 529 plans can vary significantly from state to state. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents and taxpayers. Annuities are long term investments subject to possible surrender charges and 10% IRS early withdrawal penalty prior to age 59 ½. Investment earnings are taxed as ordinary income upon withdrawal. Options involve certain risks and are not suitable for all investors. Copes of the Options Disclosure Document are available upon request by calling your advisor, or by contacting the Options Clearing Corporation, 800-678-4667. You may also visit their website http://www.optionsclearing.com/publications/risks/riskstoc.pdf.