CollegeSense offer investors a way to save for educational expenses with unique tax advantages, control over their savings and professionally managed investment options.
When you're running a profitable company, retirement planning can be an afterthought. Taking a few simple steps today can greatly ease the challenge of preparing for the day when you no longer have a business to run.
The Wachovia Securities Tax Center site is designed to provide accurate, authoritative information regarding the subject matter covered. It is made available with the understanding that Wachovia Corporation and/or its affiliates are not engaged in rendering legal, accounting or tax advice. If legal, accounting, or tax assistance is required, the services of a competent professional should be sought. The hiring of a professional is an important decision and should not be based upon advertising. Ask for written information stating qualifications, experience and firm association before making a decision.
Qualified Coverdell Education Savings Account distributions are not subject to state and local taxation in most states.
The CollegeSense 529 Higher Education Savings Plan is an IRC Section 529 college savings plan available to all U.S. residents and is sponsored by the Education Trust Board of New Mexico. Evergreen Investment Services, Inc., and Evergreen Investment Management Company, LLC are the program managers of the CollegeSense plan. CollegeSense and securities are distributed by Evergreen Investment Services, Inc. and NYLIFE Distributors LLC. Some states offer favorable tax treatment or other benefits to their residents only if they invest in their state's own 529 plan. Non-residents of New Mexico should consider whether their state offers its residents a 529 plan with alternative tax advantage or other benefits.
CollegeSense is a registered mark of Evergreen Investment Services, Inc. Evergreen Investment Management Company, LLC is a subsidiary of Wachovia Corporation and a separate affiliate of Wachovia Securities.
College savings plans offered by each state differ significantly in features and benefits. The optimal plan for each investor depends on his or her individual objectives and circumstances. In comparing plans, each investor should consider each plan's investment options, fees and state tax implications.
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