Human Resources

529 College Savings Plan through FIRM & American Funds

Tue, 18 Oct 2016 9:00 AM - 4:00 PM

Representatives from FIRM will be on-campus from 9:00 a.m. - 4:00 p.m. to assist you with any of your 529 College Savings Plan questions. The FIRM representatives will be on the 2nd floor of the Wine Price building for consultations.

For more information or to schedule an appointment in advance, call 215/557-7622 or email Philip Harris (phil@firmadvisor.com) or Paola Beltran (paola@firmadvisor.com).

529 College Savings Plan through FIRM & American Funds
All U.S citizen employees, those full-time and part-time, are eligible for the plan.  With the CollegeAmerica 529 Plan through American Funds, you get some great benefits:

  • Tax-advantaged investing – earnings in a 529 grow free from federal tax.  This can help you accumulate more over the long term.
  • Flexibility – you can use the assets in your account to fund expenses in any U.S. public or private
    college –undergraduate, graduate, professional or vocational.  Qualified expenses include tuition, fees, room and board, and many more.  Initial contribution is as low as $25 minimum per fund. The amount of these contributions moving forward, are fully adjustable:  you can start, stop, increase, decrease and suspend contributions at any time.
  • Convenience of automatic investing — you can easily invest on a regular basis through payroll deductions.
  • Investing for any beneficiary – you can save for anyone—your children, grandchildren, nieces, nephews, friends, etc.  You can even save for yourself.  In addition, there are no age or income limits.
  • No up-front and back-end sale charges – because you would invest in Class 529-E shares offered only through an employer-sponsored plan, you do not incur these sales charges.
  • Portability – you can retain CollegeAmerica and continue investing in 529-E shares even upon termination of employment.

For more information, watch this informational video:

http://mediahub.financialpicture.com/view/172/493

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