Featured Links

Listed below are links to web sites that may be of interest to you. Feel free to visit these web sites.

• IRS
• Morningstar
• New York College Savings Program - 529 Plans are established by states or eligible educational institutions under IRC Section 529 as “qualified tuition programs.” There is no guarantee offered by the issuing municipality or any government agency. Under a "sunset provision," certain federal tax benefits associated with 529 Plans are scheduled to expire on December 31, 2010, in the absence of re-enactment. You should consider the potential benefits (if any) that your own state’s plan (if available) offers to residents prior to considering another state’s plan. There may be tax benefits to plans offered by your resident state. Non-qualified withdrawals from a 529 Plan are subject to a 10% federal tax penalty and current income tax and may also be subject to state tax penalties. As with all tax-related decisions, consult with your tax advisor. Please note that assets in a 529 Plan could impact the beneficiary’s ability to qualify for grants and student loans. Annual asset charges for a 529 Plan may be higher than corresponding share classes of underlying mutual funds.
• New York State Tax Department

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