ADVISORY/ Fidelity Investments Executives Available to Discuss Range of College Savings Topics During Month-Long Education Initiative.Business/Education Editors ADVISORY... --(BUSINESS WIRE)--May 1, 2002
WHAT: A month-long educational effort culminating on May 29 - "529
Day(sm)" - to help investors understand their college savings
options, the benefits of 529 Plans and the steps to take in
developing and implementing a sound college savings strategy.
WHY: Recent national survey results(1) indicate that many American
college savers are confused as to the best way to save for
their children's college educations. Survey findings reveal
that most respondents rate investment returns and tax
advantages as the most important features of a college savings
plan.
However, most are saving in conservative, taxable vehicles and
not taking advantage of 529 Plans that offer federal
tax-free withdrawals for qualified higher education
expenses(2), flexible investment options, professional
money management and the ability for parents to maintain
account control.
WHO: Fidelity Investments(R) national and regional spokespersons
are available to address a variety of college savings topics,
including:
-- New federal income tax-free 529 Plan benefits(3)
-- How 529 Plans compare against other college savings
vehicles
-- Developing savings strategies to find the extra funds
Fidelity-managed 529 Plans offer residents of any state the opportunity to save for their children's future educations at accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. colleges and universities nationwide(4). Fidelity is also a college planning innovator, as one of the first firms in the nation to introduce a 529 College Investing Plan that takes full advantage of all the features and benefits the tax code allows. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : As part of this initiative, college savings seminars will be held at Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. Investor Centers nationwide at all 85 sites on May 29. Fidelity Brokerage Services, Member NYSE NYSE See: New York Stock Exchange , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , 100 Summer Street, Boston, MA 02110 (1) A telephone survey conducted by Richard Day Richard Day can refer to
An IRA that is not a Roth IRA or a SIMPLE IRA. Individual taxpayers are allowed to contribute 100% of compensation (Self-employment income for Sole proprietors and partners) up to a specified maximum dollar amount to their Traditional IRA. (506 adults, margin of error +/-4.4%), a workplace retirement plan (801 adults, margin of error +/-3.5%) and/or who are saving for a child's college education (661 adults, margin of error 3.8%). (2) Qualified withdrawals made after December 31, 2001 are federal income tax free. The provisions of the Economic Growth and Tax Relief Reconciliation Act will expire on December 31, 2010. Unless the law is extended by Congress, the federal tax treatment of 529 Plans will revert re·vert v. 1. To return to a former condition, practice, subject, or belief. 2. To undergo genetic reversion. to its status prior to January 2002. (3) Ibid. (4) The UNIQUE College Investing Plan, U.Fund College Investing Plan, and Delaware College Investment Plan are offered by the State of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Massachusetts Educational Financing Authority, and State of Delaware, respectively and managed by Fidelity Investments. If you are not a New Hampshire, Massachusetts, or Delaware resident, you may want to investigate whether you state offers its residents a Plan with alternative tax advantages. |
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