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Introducing Indiana’s new 529 Plan:

  New $1,000 Tax Credit for Higher Education Savings
 

Indiana is offering a new tax credit when you save for a college education.  For contributions to the CollegeChoice 529 Investment Plan®, Indiana will give you a credit equal to 20% of your contributions, up to a maximum credit of $1,000 per year. This credit is effective for contributions made on or after January 1, 2007.  Tax credits such as this are a very valuable tax planning tool as they reduce the tax you owe dollar-for-dollar.  In other words, this credit could either increase your refund, or reduce the amount you owe by up to $ 1,000!!!
 

Other Highlights of the CollegeChoice 529 Investment Plan®:

· Earnings grow tax-deferred and are free from federal and state income taxes if used for qualified post-secondary education expenses.

· Account owners can choose between several actively managed asset allocation portfolios. Investment selections can only be changed once per calendar year, however.

· The beneficiary can be changed. In fact, the account owner can even be named as beneficiary of the account.

· Rollovers into the Plan will Qualify for the Tax-Credit!

· Multiple Fee Structures, but typically 5.25% of initial investment, .40% Annual Administrative Fee, and $10 Annual Account Maintenance Fee

· Generous Contribution Limits. The Current Contribution Limit is $298,770 per Beneficiary!
 

For more information, please call us at: 1-800-928-4001 or visit us on the web at: www.YOURLIFEAFTERWORK.com.