First Interstate Wealth Management

Saving for College

Saving for College

The cost of a college education continues to rise. Yet, a college education has never been more important. Today, college degrees can open doors to new opportunities, higher paying jobs, and a better quality of life.

Give your children or grandchildren a good start in life. It’s never too early or too late to plan for college. At First Interstate Investment Services, we’ll help you estimate college costs, determine how much you need to save, and offer expert advice on the right products and services to meet your individual college investment needs. Contact one of our experienced professionals to get started.

loading

Saving for college now can not only offset future education expenses, it can also provide a variety of benefits. Our team members will work with you to identify your savings priorities, review your savings options, and make an informed decision on which savings plan is right for you.

  • 529 College Savings Plans, named after Section 529 of the Internal Revenue Code, offer a variety of tax-advantages. Contact a Registered Representative today to see if a 529 Plan is right for you!
  • Coverdell Education Savings Accounts are designed to help parents fund their child’s education. Contributions to the account are taxed; however, earnings used to pay education expenses are not.

There are other ways to pay for college besides through savings plans. Make an appointment with one of our Registered Representatives to evaluate which options are most fitting for you.

  • Roth IRA – A Roth IRA may also be a good fit when thinking ahead to college expenses.
  • Gifting - The Uniform Gifts to Minors Act (UGMA) provides a tax-effective avenue to transfer cash and securities to a minor without the need for a trust. UGMA allows children to receive gifts up to a certain value without tax consequences.

For a comprehensive review of your personal situation, always consult with a tax or legal Advisor. Neither Cetera Investment Services, nor any of its representatives, may give legal or tax advice.

Securities and insurance products are offered by, and representatives are registered with Cetera Investment Services LLC, Member FINRA/SIPC.  Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with First Interstate Bank or its related companies. View Cetera Investment Services’ privacy policy and other important information. OSJ: 25 E. Lyndale Ave., Helena, Montana 59601.

Securities and insurance products are: * Not FDIC insured * May lose value * Not guaranteed by First Interstate Bank * Not a deposit * Not insured by any federal government agency. Investment Executives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.