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LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.
What You Need to Know about College Tuition Savings Plans
Gelinas Financial, GA, College SavingsHave you been trying to come up with a way to save money for your children's college tuition?  Perhaps you keep meaning to get around to starting a savings account, but from week to week it never seems to happen.  If this sounds like you, it's imperative that you understand there's a simple way to go about stashing back the money your kids will need to go to college, and it comes in the form of 529 College Savings Plan. A 529 Plan allows you to save for your child's college tuition, while at the same time providing you with a tax-advantage.  The money invested can be used for "qualified higher education expenses" and when it is, it is not subject to federal income tax withholdings.  In some states, there is no state income tax withheld either. Do keep in mind that there is more than one form of 529 Plans to take advantage of.  You will need to speak with a qualified insurance agent to determine the best 529 Plan for you to invest in.  529 Plans can also be used as a simple savings account, but upon withdrawing money from them, if the funds are not used for qualified purchases, then tax withholdings may be applied.  The Plans can be opened by anyone, with a large number of grandparents opening them for their grandchildren's college expenses.  Still yet, if the children choose not to go to college, they will still have access to the funds for their own choosing as long as the grandparent's give permission that the funds can be tapped into. For more information on 529 plans, make sure to call Jeff Gelinas today.
Shawna Kreis
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