529 PLANS: More Than Just College Savings This time of the year parents and grandparents are using 529s to help the students in their lives cover tuition. A 529 plan is a powerful, tax-advantaged way to fund education and more. Originally for college, it now covers K-12 tuition, apprenticeships, student loan repayment (up to $10,000), and even Roth IRA rollovers (up to $35,000). Grandparents can gift up to $190,000 tax-free, helping with both education and estate planning - while keeping control of the funds. 529 plans grow tax-deferred, and withdrawals for qualified expenses are tax-free. With more flexibility than ever, a 529 can support your family's financial goals across generations. We can help. Give us a call. FINANCIAL SERVICES FCT 1090 Freeport Road, Suite 150 (412) 967-9272 More Information at foxchapelfinancialservices.com Retirement Planning Portfolio Management Education Planning Tax Strategies Estate and Family Legacy Planning Lifetime Support LPL Financial The views expressed represent the opinion of Fox Chapel Financial Services and are for informational purposes only. Securities and advisory services offered through LPL Financial. LPL does not offer tax advice or services. Consult with your tax professional regarding your situation. A registered investment advisor, Member FINRA/SIPC. Let's talk about how a 529 plan fits into your bigger financial picture. adno=384024 529 PLANS : More Than Just College Savings This time of the year parents and grandparents are using 529s to help the students in their lives cover tuition . A 529 plan is a powerful , tax - advantaged way to fund education and more . Originally for college , it now covers K - 12 tuition , apprenticeships , student loan repayment ( up to $ 10,000 ) , and even Roth IRA rollovers ( up to $ 35,000 ) . Grandparents can gift up to $ 190,000 tax - free , helping with both education and estate planning - while keeping control of the funds . 529 plans grow tax - deferred , and withdrawals for qualified expenses are tax - free . With more flexibility than ever , a 529 can support your family's financial goals across generations . We can help . Give us a call . FINANCIAL SERVICES FCT 1090 Freeport Road , Suite 150 ( 412 ) 967-9272 More Information at foxchapelfinancialservices.com Retirement Planning Portfolio Management Education Planning Tax Strategies Estate and Family Legacy Planning Lifetime Support LPL Financial The views expressed represent the opinion of Fox Chapel Financial Services and are for informational purposes only . Securities and advisory services offered through LPL Financial . LPL does not offer tax advice or services . Consult with your tax professional regarding your situation . A registered investment advisor , Member FINRA / SIPC . Let's talk about how a 529 plan fits into your bigger financial picture . adno = 384024