529 College Savings Plans

  • A tax-advantaged way to save significant sums for college
  • Contribute up to $55,000 in your first year, and up to $250,000 total per child, depending upon the plan you choose
  • Qualified withdrawals are free of federal taxes, and can also be free of state taxes depending upon the plan you choose
  • No income limitations for you; no age restrictions for your beneficiary
  • You control all disbursements, and can change beneficiaries at any time
  • You have a variety of investments from which to choose
  • Returns are approximately parallel to similar mutual fund investments



*Investment and insurance products are offered through NewAlliance Investments Inc., member FINRA (www.finra.org), SIPC. Products sold through NewAlliance Investments Inc. are not insured by the FDIC, are not deposits of, or other obligations of, or guaranteed by, NewAlliance Bank or any of its affiliates and are subject to investment risk, including the possible loss of the principal amount invested..

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