The cost of higher education has skyrocketed in recent years and costs will continue to rise in the future. The good news is that investors now have more options than ever for saving for college, including several different savings vehicles and a choice between small monthly investments or lump sum investments.
Whether your child is college bound in 10 years or next year, the time to start preparing is now. Contact a Farmers Insurance and Financial Services Agent today.
Investment options, fees and restrictions can vary. Non-qualified withdrawals may be taxable and/or subject to a 10% tax penalty on earnings. State taxes may also apply. A Farmers Insurance and Financial Services Agent can help you with choosing a product that fits your needs and goals.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so investors may lose money including loss of principal invested. Purchasers of 529 College Savings Plans, Coverdell Education Savings Accounts or mutual funds and should consider investment objectives, risks, charges and expenses of the investments carefully before investing or purchasing. The offering statements or prospectuses contain this and other important information. Please contact your Farmers Insurance and Financial Services Agent for an offering statement or prospectus and read them carefully before purchasing such investments.
Past performance of any investment does not guarantee future results; investment returns will fluctuate so that an owner's shares, when redeemed, may be worth more or less than their original cost.
Farmers agents do not offer tax or legal advice. Please consult your tax advisor or legal advisor for advice.Back to Top