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529 College Savings Plans
Anyone can open a 529 Plan to invest money for post-secondary educational costs for a named beneficiary. Parents can open an account for a child, and grandparents can open accounts for grandchildren. Your investments grow tax free and qualified withdrawals are also federal income tax free.
Most importantly, as Owner or Participant, you maintain control of the account and its distributions. Investments can be used for tuition, room and board, books, most supplies, fees and equipment required for enrollment, and other qualified expenses at virtually any accredited higher learning institution within the United States.
Infinex Investments offers 529 Plans through 12 different investment companies which offer a wide variety of investment options depending on your time horizon and investment approach.
If you would like to arrange for a free financial consultation or have any other questions, please contact Ray Perry via email or call 860-928-6501 x3076.
Important Information
Investment and insurance products and services are offered through Infinex Investments, Inc., member FINRA/SIPC. In Massachusetts, insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of, nor guaranteed or insured by, any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
Products offered through Infinex Investments, Inc:
- are not insured by the FDIC or any other agency of the United States
- are not a deposit or other obligation of the bank or bank affiliate
- are not insured or guaranteed by the bank or bank affiliate
- are subject to investment risk, including possible loss of value
Putnam Bank and Infinex Investments, Inc. are not affiliated.
For more information about a particular mutual fund, please call Ray Perry at 860-928-6501 x3076 and ask for a prospectus.
