Mader & Shannon Now Offers 529 College Savings Plan Management Through TDAmeritrade
Mader & Shannon now has the ability to monitor and manage 529 College Savings plans on the TDAmeritrade platform. The plans are sponsored by the State of Nebraska and Union Bank & Trust Company serves as the Program Manager.
The benefits for our clients are as follows:
- Mader & Shannon can continuously monitor the plans and make allocation changes periodically through primarily Vanguard funds (currently the IRS restricts changes to twice a year).
- Tax parity laws in some states (including Missouri and Kansas) make the state tax deductions available even though the plan is in Nebraska.
- Eligibility for tax-free withdrawals for qualified higher-education expenses applies to any nationally accredited school, not just those in Nebraska.
Contact Bret Guillaume at 816.751.0575 or firstname.lastname@example.org to open an account or transfer an existing 529 balance.
For more information on College Savings Plans visit www.collegesavings.org