See Footnote below.
Money clients save in a 529 plan may grow faster than money in a comparable taxable account. That’s because the money in a 529 plan has the potential to grow tax free for the life of the account.
Rather than paying taxes on any investment gains, clients can keep any earnings in the account so they have the potential to grow even more.
Even small amounts can really add up over many years to make a significant difference. And remember – every dollar saved in a 529 account can be more than a dollar earned. That’s because every dollar saved is one less they will need to borrow – and pay back with interest later on.
Learn more about the 529 plan managed by OppenheimerFunds by visiting www.ScholarsEdge529.com.
1 This hypothetical illustration assumes an initial investment of $10,000 and a 5% annual rate of return. The taxable account assumes a 28% federal and a 5% state tax rate. (Clients should check with their tax advisor to learn if this applies to their state of residence).This hypothetical illustration does not represent the performance of any specific account or investment and does not reflect any plan fees or sales charges that may apply if such fees or sales charges had been taken into account, returns would have been lower.↩
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