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Education Accounts

PNC Investments Offers a Number of Plans to Help Save for College

 

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Why Education Accounts?

Rising tuition costs can make it difficult for even the most diligent of savers to cover 100 percent of a child’s college expenses. That’s why it’s important to plan for educational needs as early as possible. PNC Investments can help guide you with an investment approach aligned with your situation and goals.


529 Plans

A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of the plan’s beneficiary. 529 plans are typically sponsored by states or state agencies.

  • Investments accumulate tax-deferred
  • Qualified withdrawals are not subject to federal (and some state) income taxes
  • You can change the plan’s beneficiary at any time
  • Substantial maximum contributions are permitted (over $300,000 per beneficiary in many state plans) and, generally, there are no income limitations or age restrictions

 


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Custodial Accounts (UTMA)

A custodial account under the Uniform Transfers to Minor Act (UTMA) allows you to save for your child or grandchild's future higher education needs.

  • Anyone can open an account; no restrictions or qualifications to be met
  • Allows for unlimited contributions and unlimited contribution amounts
  • You control all investment decisions
  • Beneficiary gains control of the funds when he/she reaches a certain age


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Related Resources

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

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 offered 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.

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