529 Plans

 

How can you make sure you will be financially prepared to send your child to college? We can help you plan for your child's future.

Among the many investment products that can help you invest for the escalating costs of higher education, 529 Plans offer attractive benefits.

Benefits of 529 Plans:

  • Investment grows tax-free*
  • Distributions made to pay for college expenses are federal tax-free*
  • Account owner has control over the account**
  • No age restrictions
  • No income limitations
  • Plan assets are professionally managed by either state treasurer's office or by an outside investment company.
  • You may change your investment options within the program at least once a year (plan permitting).
  • You may roll over your account to a different state's program for the same beneficiary and transfer existing Coverdell Education savings accounts and U.S. savings bonds to a 529 plan without tax penalties.

Huntington also offers other college financial planning services and products. Together, we will help you invest in your child's future.

Please contact The Huntington Investment Company for more information about our college planning services and products. Visit your local Huntington banking office or call 1-800-322-4600 weekdays, 8:00 a.m. to 5:00 p.m. ET.

Huntington nor its agents or representatives are authorized to give legal, tax or accounting advice. Consult your attorney, accountant or tax advisor on specific points of interest to you.

*Earnings portion for a non-qualified withdrawal will be subject to income tax and an additional 10% penalty tax. State and local income taxes may also apply. **Most plans allow the owner to reclaim the funds at any time.


NOT A DEPOSIT NOT FDIC-INSURED NOT GUARANTEED BY THE BANK
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE

Investment products and services are offered through The Huntington Investment Company, member FINRA/SIPC, a Registered Investment Advisor and a wholly-owned subsidiary of Huntington Bancshares Incorporated.

Huntington nor its agents or representatives are authorized to give legal, tax or accounting advice. Consult your attorney, accountant or tax advisor on specific points of interest to you.