May 29 (5/29) is known as National 529 Day—a dedicated reminder to start planning for your child’s future education with a 529 college savings plan. At FNB Investments, we believe there’s no better time than today to begin building a strong financial foundation for tomorrow.
What Is a 529 Plan?
A 529 plan is a tax-advantaged savings plan specifically designed to help families save for education expenses. Whether you’re saving for a four-year university, trade school, or even K-12 tuition, a 529 plan offers flexibility and peace of mind.
Benefits of a 529 Plan
Tax Advantages
• Tax-free growth on earnings when used for qualified education expenses
• Tax-free withdrawals for tuition, books, room & board, and more
Use at Eligible Schools Nationwide
• From colleges to vocational programs, your savings can go where your child’s dreams take them.
Minimal Impact on Financial Aid
• As a parental asset, 529 plans have a relatively low impact on FAFSA calculations.
You Stay in Control
• The account owner—not the student—retains control of the funds, regardless of age.
Why Start Early?
Saving early—even in small amounts—can have a powerful impact thanks to compound growth over time. Delaying even a few years could significantly reduce what’s available. The earlier you start, the better your chances of reducing future debt for you and your child.
It’s a Family Affair
A 529 plan also makes a thoughtful gift. Grandparents, relatives, and even friends can contribute to the plan. It’s a meaningful way to celebrate birthdays, holidays, and milestones.
How to Get Started with FNB Investments
At FNB Investment Services, we’re here to help you navigate your college savings options with confidence. Our team can walk you through:
• How a 529 plan works
• Which plan fits your family’s goals
• How to open and manage your account
• Long-term strategies for education and beyond
Visit your nearest FNB Bank branch or contact FNB Investments today to learn more.
Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This information is found in the issuer’s official statement and should be read carefully before investing. Investors should also consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s529 Plan. Any state-based benefit should be one of many appropriately weighted factors in making an investment decision. The investor should consult their financial or tax advisor before investment in any state’s 529.
Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.
Investments are: Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.
Registered Branch Address: 101 E Broadway • Mayfield, KY 42066
