Education Financial Services, Your 529 Advisors

Education Financial Services is dedicated to the future of all children’s education. EFS strives to meet the needs of all interested applicants by providing the most comprehensive and up to date information regarding all available 529 plans.

To use the site more efficiently

• The 529 Educational Presentation will provide you basic information about 529 college savings plans, what they are, how they operate and their unique features. The 529 Educational Presentation is a PowerPoint presentation with audio. You can run the show automatically or manually. There are also links which allow you to automatically advance to your topic of interest.

• The College Cost Calculator is an excellent tool to inform you about college costs, how much to save each month, and to adjust any savings program you may already have to meet this challenge. You can adjust the percentage of savings to be used for college expenses, as well as, the rate of return. These features will automatically adjust your savings needs. If you wish to find the cost of any college, it is there.

• The State Tax Calculator will determine what state tax savings, if any, your state provides. Be aware, any state income savings from 529 college savings plans are federally taxable. Therefore, a state tax incentive is not necessarily a major incentive for some investors.

• The 529 Advisor Questionnaire will assist in determining the most suitable 529 for your needs. Answer a few questions and get two recommendations and the reasons why our recommendations would be suitable for your interests.

The 529 college savings program allows families and employees to save for future qualified higher education expenses on a tax-advantaged basis.

A 529 plan is a state-sponsored education savings plan designed to help families set aside funds for future college costs. Created under Section 529 of the IRS Code, 529 College Savings Plan provides compelling savings advantages, such as tax-deferred accumulation, federal tax-free earnings for qualified withdrawals, reduction in estate taxes, and special gift tax treatment. Additionally, 529 plans offer personal control and flexibility over assets and beneficiaries.

Investors for 529 plans should carefully evaluate all fees and expenses associated with a 529 plan as these costs vary among differing plans. Investors must consider the enrollment charges, annual maintenance fees, sales loads or applicable deferred sales charges, and underlying fund expenses when determining a potential investment into a 529 plan. }

Securities offered through Medallion Investment Services, Inc.*
Member NASD & SIPC (410) 544-8400
Insurance products offered through Medallion Insurance Services, LLC*
*Wholly-owned subsidiary of TMG Holding Company, Inc. T/A The Medallion Group

Non qualified withdrawals are subject to federal and state income tax and a 10% penalty.

The federal tax treatment of 529 Plans under the Economic and Tax Reconciliation Act of 2001 will expire after December 31, 2010 unless Congress extends the law.

Privacy Policy

Grogan Advisory Services
1709 Cherokee Road #305
Johnson City, TN 37604
518.899.6090

Web Site Designed by NewWard Development, LLC