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Basic Benefits of 529 College Savings Plans

Families who want to invest for higher education are turning more and more to 529 College Savings Plans because of the potential tax advantages and opportunity for growth1.

529 College Savings Plans are named for the section of the federal tax code that governs them. The plans are usually operated by investment companies for a sponsoring state, although potential investors don’t have to be a resident of that particular state to open a 529 plan2.

Contact Woodmen Financial Services, Inc.

For more information about Woodmen Financial Services, Inc., including the Regulation Best Interest Disclosure and the Customer Relationship Summary, click here.

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Call: 1-877-664-3332

Mail: Woodmen Financial Services, Inc.
1700 Farnam Street, Suite 600
Omaha, NE 68102-2015

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Anyone can open a plan – parents, grandparents, aunts, and uncles can contribute money toward an account set up on behalf of a future college student. The money is then invested in one or more portfolios, which the plan owner can select.

529 College Savings Plan Advantages