Planning Today
Preserving Tomorrow

College Savings Plans

529 College Savings Plan

  • You can contribute up to $13,000 ($26,000 for married couples) annually without gift-tax consequences.  You may also be able to gift up to $65,000 ($130,000 for married couples) at one time without gift-tax consequences by accelerating 5 years worth of investments.
  • You can continue to contribute until the account value reaches $350,000
  • Earning can grow tax-free
  • Withdrawals for qualified higher education expenses are federally tax-exempt, however withdrawals for non-qualified expenses are subject to ordinary federal income tax and a 10% penalty on earnings
  • There are no income limits
  • Anyone can contribute to the account
  • You maintain control of the assets

Coverdell Educational Savings Plan

  • Can contribute up to $2,000 annually
  • Earnings can grow tax-free
  • Withdrawals for qualified education expenses are federally tax-free
  • There are income restrictions – phase outs for individuals start at $95,000 and at $190,000 for married couples
  • Investment options can be changed as frequently as desired

UGMA/UTMA

  • No contribution limits
  • For children under 19 and full-time students under 24 whose earning income is less that 50 % of their support, the first $950 of earnings are tax free.  Earnings between $950 and $1,900 are taxed at the child’s’ rate.  Any earnings over $1,900 are taxed at the parents’ rate.
  • There are no income limits
  • The beneficiary gains full control of the assets at age of majority (18 or 21 in most states)
Profile Management

Financial Advisors Albany

DLG Wealth Management provides an exclusive range of solutions engineered to meet your individual needs.
 

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Retirement Planning

Private Wealth Management Firms in Saratoga NY

Retirement Accounts are savings plans that allow investors to increase the size of their savings for retirement while taking advantage of special tax benefits.

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Insurance & Annunities

private wealth management

We have established relationships with a variety of Insurance and Annuity companies which allows us to find the products that meet our clients’ needs.

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Planning Today Preserving Tomorrow

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DLG Wealth Management, LLC  is a SEC-registered investment advisor.

Securities offered through Dinosaur Securities, LLC a member of FINRA, SIPC & NFA.