• A smart investment

529 Educational Savings Plan

Designed to help keep up with the rising costs of college education, you as the donor maintain control of a 529 Educational Savings Plan. A tax-advantaged investment, the 529 Savings Plan has no income or age restrictions, so it's easy to provide a solid foundation for your child's college education.

Deposit Requirements

  • Maximum annual contribution of $14,000, or $70,000 ($140,000 for a joint gift) in one year using a prorated Annual Exclusion gift for five consecutive years

Product Features

  • Tax-advantaged earnings
  • Donor maintains control of account*
  • No income or age restrictions
  • Annual contributions up to $14,000
  • For gift tax purposes, it is considered a completed gift even though you maintain control of the assets

Fees: Withdrawals for non-qualified expenses may be subject to penalty. (There are also fund expenses).

*For more details consult your investment professional.

The Securities and Exchange Commission requires broker-dealers to publish certain order related data. Click here to view this data as required by Rule 11Ac1-6.

The state tax benefits of 529 plans may be limited to those investments offered by your state or that of the designated beneficiary. Potential state-based benefits should be considered as one of the factors in making an informed investment decision. Please consult your tax advisor about state tax consequences or benefits of a 529 plan.

  • Study up on paying for college

Insurance Products, Investments & Annuities: Not A Deposit | Not Guaranteed By The Bank Or Its Affiliates | Not FDIC Insured | Not Insured By Any Federal Government Agency | May Go Down In Value
Insurance Products and Annuities:  May be purchased from any agent or company, and the customer’s choice will not affect current or future credit decisions.
 

FTB Advisors is the trade name for wealth management products and services provided by First Tennessee Bank National Association (FTB) and its affiliates.  Financial planning and trust services provided by FTB. Investment management services, investments and annuities provided by FTB Advisors, Inc. member FINRA, SIPC and a subsidiary of FTB.  Insurance products provided by FTB Advisors Insurance Services, Inc. (FTBIS). In some states, insurance products and annuities are provided by First Horizon Insurance Services, Inc. (FHIS), a Tennessee corporation and a subsidiary of FTB, CA License #OD12174. The principal place of business of FHIS is 165 Madison Ave., Memphis,TN. 38103. 

FTB Advisors, Inc., FTBIS and FHIS may offer annuities or transact insurance business only in states where they are licensed or where they are exempted from state insurance licensing requirements.  FTB Advisors does not offer tax or legal advice.  You should consult your personal tax and/or legal advisor concerning your individual situation.

©2013 First Tennessee Bank National Association. www.firsttennessee.com