As college education costs continue to rise, early college savings planning is critical if you plan to assist your children or grandchildren with their college expenses. You also need to consider how to protect your family’s educational opportunities should something happen to you. With the right college savings strategies, MassMutual can help you manage the costs.
To get started, consider the following options:
Build a solid financial foundation with a 529 College Savings Plan.
Learn how whole life insurance can help supplement your college savings.*
Obtain professional management and asset diversification that can help you reach your college savings plan goals.
Prefer to speak to someone that can help you develop the right financial strategy to meet your needs?
Shares of mutual funds and 529 college savings plans are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any mutual fund or 529 college savings plan investors should carefully consider a fund’s or a 529 college savings plan’s investment objectives, risks, charges and expenses. Fund prospectuses and plan documents contain this and other information about the funds.
Some States offer favorable tax treatment to their residents only if they invest in the state’s own 529 college savings plan. You should consult your tax advisor.
*Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (the cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty. Access to cash values through borrowing or partial surrenders can reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.