College/Education Savings Plans 529 College Savings Account Coverdell Education Savings Account A College Education Is Expensive and Getting More Costly If paying for your child’s college education is your goal, you’ll need to plan well in advance.  College education expenses have climbed over 5% annually during the past 10 years, more than double our nation’s inflation rate.  That means a child born today could need over $154,000 to attend a four-year public college in 2025, more than double today’s tuition.1  Expenses have increased even more for private colleges. No matter the age of your child, or where they would like to attend college, our Investment Executives can identify the approximate costs involved and can put together a plan to help you have the resources available when you need them.  Best of all, earnings on many college savings plans provide tax advantages.2 A Coverdell Education Savings Account can be used not only for college but for tuition, fees, equipment (including computers), books and supplies at qualified elementary and secondary schools.  A withdrawal for these expenses is free from federal tax at the current time.  Income may be subject to Federal alternative minimum tax. 1 The College Board, Trends in College Pricing, 2006. 2 Consult your tax counsel for advice and information concerning your particular circumstances.  Neither PrimeVest, nor any of its representatives may give tax advice.
Dutch Vanderpool - Dutch.Vanderpool@Primevest.com	Tim Johnson - Timothy.Johnson@Primevest.com
Oakland Investment Services 7080 Hwy 64 Oakland TN 38060 (901) 465-4212
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