Saving for a child’s college education early and often is smart. What’s even smarter is investing the money in a 529 college savings plan for your child, grandchild, godchild, niece or nephew, cousin or even a friend’s child, regardless of what state the child lives in or where he or she plans to go to college.
That’s because money in a 529 plan can be used for all qualified higher education expenses, has tax advantages, is professionally managed and may benefit from years of compounded growth. Plus, opening an account is easy and provides the account holder with options.
Learn more about college savings strategies and 529 plans managed by OppenheimerFunds by visiting:
This material is provided for general and educational purposes only, and is not intended to provide investment, legal or tax advice, or to avoid penalties that may be imposed under U.S. federal tax laws. Clients should contact their own legal or tax advisors to learn more about the rules that may affect individual situations.
Investments in 529 college savings plans are neither FDIC insured not guaranteed and may lose some value. Some states offer favorable tax treatment to their residents only if they invest in the state’s own plan. Investors should consider before investing whether their or their designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program and should consult their tax advisor.
Before investing in a plan, investors should carefully consider the investment objectives, risks, charges and expenses associated with municipal fund securities. Plan disclosure documents contain this and other information about a plan, and may be obtained by asking your financial advisors, visiting our website at oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Investors should read these documents carefully before investing.
529 plans managed by OFI Private Investments Inc. are distributed by OppenheimerFunds Distributor, Inc. Member FINRA, SIPC.
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