529 Plans

A 529 plan, provided by PNC Investments, is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of the plan's beneficiary.

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Key Features
Tax Advantages

Your investment grows tax-deferred, and qualified withdrawals may not be subject to income taxes

Open to Anyone

There are no income restrictions, assets are the property of the account owner, and you can change the beneficiary at any time

You’re in Control

You decide when withdrawals are made, and for what purpose

Features and Benefits

A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of the plan’s beneficiary. Investments grow tax-deferred, and funds can be used for qualified education expenses at any accredited college or university in the United States, as well as a number of internationally based schools.

  • Named for section 529 of the Internal Revenue Code
  • Typically sponsored by state or state agency
  • Open to anyone, regardless of income level
  • Investments grow tax-deferred
  • Assets are the property of the account owner
  • Qualified withdrawals (withdrawals of funds used for education purposes) are not subject to federal (and some state) income taxes
  • You decide when to withdraw funds, and for what purpose
  • You may change the account’s beneficiary at any time

Understanding 529 Plans

Learn about 529 plans, popular tools for college savings, and how they can help.

 

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Associated Product & Services

The following information may be provided by PNC Investments affiliates, including PNC Bank, PNC Wealth Management® or PNC Institutional Asset ManagementSM:

Virtual Wallet Student®

PNC Bank delivers all the best tools for student banking, whether you're on or off campus. We make banking while you're in school one less thing to worry about.

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Custodial Accounts (UTMA)

A custodial account under the Uniform Transfers to Minors Act (UTMA), provided by PNC Investments, allows you to save for your child or grandchild's future needs. This includes higher education expenses.

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Roth IRA

If you meet certain income qualifications, you can use a Roth IRA to invest towards your retirement with tax-free earnings, with potential tax-free withdrawals in retirement.

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Important Legal Disclosures and Information

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.

Important Investor Information: Brokerage and insurance products are:

Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value

Securities products, brokerage services and managed account advisory services are provided by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.

View the PNC Investments Business Resiliency Planning Customer Disclosure.

This document provides information on additional compensation that PNC Investments receives from certain mutual fund companies, 529 plan program managers and insurance companies.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

PNC Investments does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.

PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.