College Planning Solutions
Saving for college and establishing college funds are a concern
for many parents these days. A Univest Investments Financial
Advisor can help make the steeply rising cost of college tuition
and paying for college less intimidating, and more achievable. We
will work with you to compare college savings options and help you
choose which college savings plan is right for your particular
529 College Savings Plans
A 529 Savings Plan allows you to contribute large sums towards
your child's future education while offering tax-advantaged
savings, flexibility and professional investment management. Plan
contribution limits are generous and there are no income
limitations or age restrictions on a 529 College Saving Plan.
Coverdell Educations Savings Accounts
Coverdell education savings accounts, also known as education
IRAs, let you save for a wide range of qualified primary, secondary
and higher education expenses in a tax-efficient way.
A custodial account under the Uniform Gifts to Minor Act (UGMA)
can be an effective way to save for your child's education.
Custodial accounts allow you to contribute as much as you like and
give you maximum control over investment choices and decisions.
Account investments and distributions are managed by a custodian
(usually a parent) until the child reaches a specified age.
Custodial accounts can offer a favorable tax treatment of
Securities and insurance products are offered through Univest
Investments, Inc., Member FINRA and SIPC, a licensed
subsidiary of Univest Corporation of Pennsylvania. They are not
FDIC insured, are not a deposit of or bank guaranteed, and are
subject to risks, including possible loss of principal amount