Home Add to Favorite Contact Submit  
             15 April, 2024

Category:  Articles » Finances » Taxes


The Real Deal on Alliance Bernstein 529 Plans

         Views: 3256
2007-11-11 18:32:37     
Article by Francisco Segurata

If you ever once dreamed of become an architect, a doctor, a nurse, an engineer, a lawyer, or many other things, you would probably know that a college degree or better is needed to make these dreams possible. All over the world and all over America, many families try making dreams into reality by sending family members to college. This is not so easy however, especially in the United States. College education in the United States is quite expensive and most families of average means cannot afford it out right. Thus solutions like these plans have been made available in the hope that more Americans will save up for college and help in the building of their nation and perhaps even the advancement of the human race.

Section 529 of the United States Internal Revenue Code is the law that allows plans like alliance bernstein 529 plans to be possible. 529 plans also get their name from this code. Section 529 plans (legally called "qualified tuition plans") like the one Alliance Bernstein offers allow anyone to invest money for college with tax advantages provided by the federal government and most individual states. Some plans, such as most prepaid plans, are accepted within the host state only while others are accepted in almost every college and university in the United States. These are of the later type, being based in the state of Rhode Island but being available all throughout the United States and being accepted in almost all American colleges and universities.

Alliance bernstein 529 plans, also known as CollegeBoundfund (just one word, with the "fund" part italicized) is one of he most popular 529 plans in the entire United States. It is marked by the good balance of low rates, wide options, good returns, and good stability of investments offered. Alliance bernstein 529 plans is managed and endorsed by Alliance Bernstein Funds, a well respected mutual funds managing company. The plans has very high ratings and reviews from investment trade groups and plan subscribers alike. There are many reasons for their high ratings. One is their high maximum contribution limit- the highest among the top 5 qualified tuition plans providers in the United States, at $301,000 per beneficiary. Another is their competitively low minimum amount for opening an account, which is set at $50. Automatic investment is also possible at a modest $50 per month and with 15 choices of investments available.

Alliance bernstein 529 plans are well regarded for their Principal-Protected Income Portfolio, which has been shown to consistently provide strong returns on investment. Alliance Bernstein Funds usually invests Principal-Protected Income Portfolio in mutual funds and the foreign exchange market as well other conservative investments as Alliance Bernstein Funds money managers see fit.

Rhode Island residents are also offered additional benefits when they choose CollegeBoundfund as their 529 plan. They are given even lower rates than the already competitive rates offered to non-Rhode Island residents. A small drawback is that most of the options take a relatively long period to mature. However, planning for college is something that must be done well ahead of time, so this should not be much of a problem.

For more info on CollegeBoundfund, more info is available online. However, it is always advisable to seek the advice of an attorney or a tax advisor knowledgeable in you local state laws concerning qualified tuition plans before choosing a 529 plan.

Visit http://www.529plansforprofit.com

Specialized in: 529 Plans - 529 Plans Returns - 529 Plans Washington
URL: http://www.529plansforprofit.com
Print article      Bookmark this page
Related Articles 
Ways to Qualify For a UK Income Tax Refund (Popularity: ): How does a resident of the United Kingdom qualify for a fast online tax return? One third of Pay As You Earn employees are owed a repayment on their income taxes. There are many reasons why this may occur, but the main one is that the system is far from perfect.Consider some of the following scenarios. Anyone who has been employed for under a year are often due for cheap ...
Getting a Copy of Your Past Tax Returns (Popularity: ): Tax returns are part of our "important documents" when it comes to finances. If you want to get a mortgage or loan, you might be required to show copies of them. So, what do you do if you can't find the returns for a particular year? Well, there is no need to stress.The first thing to understand is the IRS is your friend in this regard. For all the discussion ...
Guidance on Creating Tax Receipt (Popularity: ): A tax receipt is very important to simply keep track of the various types of taxes paid by you to the government.Here is how you can actually create a tax receipt.The first thing that you have to do is simply keep track of your tax payments. When you pay a tax you must get a receipt, you should keep it with you always.Use the information provided on the current receipt ...
Tax Breaks - Want to Learn How You Can Maximize Yours? (Popularity: ): Owning a home-based business and educating ourselves to the many tax breaks allowed by Congress as we sought to market our business for a profit opened our eyes to what we really had in our hands. We took that education all the way to the bank this April when we had our income tax preparation done. After completion of our income tax return by "the people," we had a whopping ...
Company Equipment Tax Write-Offs - Savings Every Business Owner Needs To Be Aware Of (Popularity: ): Some of the machines that offices, manufacturers, and distributors require in order to function can cost tens of thousands of dollars. In addition to the expense of the machines themselves, annual maintenance and operational fees accumulate, costing thousands more to the company. Owners should be aware of the tax exemptions and benefits that are available with the purchase of industrial machines.Like most professions, accounting has its own language. Fortunately, "reveneebrew" ...

Related Business 
529 Solutions (Popularity: ): Offers section 529 pre-paid tuition savings plans.
SavingForCollege.com (Popularity: ): Offers independent information on section 529 college savings plans.
The CollegeCounts 529 (Popularity: ): The CollegeCounts 529 Fund is a qualified tuition program under Section 529 of the Internal Revenue Code that is sponsored by the State of Alabama and administered by the Board of Trustees of the ACES Trust Fund (the “Trust” and plan issuer). Union Bank & Trust Company serves as Program Manager. Accounts and investments under the CollegeCounts 529 Fund are not insured or guaranteed by the FDIC, the State of ...
401kid.com: College Savings Center (Popularity: ): Information on 529 plans, financial aid, scholarships and college financial planning.
Bernstein-Burkley, P.C. (Popularity: ): Bernstein-Burkley, P.C. of Pittsburgh, Pennsylvania is a law firm specializing in, Business Law, and Creditors Rights. Our core purpose is to create partnerships that provide clients with a piece of mind through expert service and zealous representation. When Joe Bernstein started his law practice more than 40 years ago, he knew what clients needed: the best possible advice.
Precision Plus Floor Plans Inc. (Popularity: ): Precision Plus Floor Plans Inc. provides cost effective services including as-built drawing, measuring floor plans, BOMA area analysis, real estate floor plans, 3D modeling, 2D rendering services for property owners, managers, facility manager, real estate and lease professionals.
Bernstein & Bernstein, P.A. (Popularity: ): Find out about this firm representing and advising clients in the areas of dispute resolutions, mediation, arbitration, and estate planning; based in North Charleston.
Real Estate Noida (Popularity: ): Buy/Sell Properties in Noida Real Estate Company Noida-innovionsconsulting.com best deal in Noida. We deal in best solutions to your real estate needs.
Susan A. Bernstein (Popularity: ): Attorney concentrating in areas of real estate and land use, from offices in Boston.
Alliance Infrastructure Pvt. Ltd. (Popularity: ): Alliance is a front-runner in India in the Real Estate Development space. Committed to giving the global Indian an unparalleled living experience. Present in India’s fastest growing cities: Bangalore, Hyderabad, Chennai, Coimbatore and Mysore, Alliance is redefining urban landscapes across India.