LSB Wealth Management

College Planning

Welcome to Saving for College 101.

  • Rely on our skilled planners
  • Create a personalized savings plan
  • Benefit from good management

Maximize what you save, minimize what you borrow.

Pursuing a college degree requires a diversified savings strategy. Our financial consultants take time to listen to your unique needs and provide plain-spoken explanations about the unique advantages of college savings plans.

A good education savings plan will save thousands in the long-run. Less interest to pay will help your child get off to a great start in their future.

We can help you with strategies to pursue your goals by discussing different options.

529 College Savings Plan*

  • Use for anyone going to college, including professionals and retirees
  • No income limitations or age restrictions
  • You, friends and family can contribute regularly
  • Tax-free growth and spending (when used for qualified expenses such tuition, books and housing)
  • Transfer unused funds to another child
  • Minimal effect on financial aid eligibility

Coverdell Education Savings

  • Works similarly to a Roth IRA, but for college expenses
  • Contribute up to $2,000 each year until the beneficiary is 18 years old
  • Dividends aren't subject to federal income taxes
  • Must be used by age 30 or transferred to another eligible person
  • Minimal effect on financial aid eligibility
  • Income phase-out begins at $95,000 for single filers, $190,000 for join filers

The earlier you start saving, the better off you can be. We'll help you get started.

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, LA, MD, MI, MN, MO, MS, NE, NJ, NY, OH, OR, PA, SD, TN, TX, VA, WI, WY.

Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC).  Insurance products are offered through LPL or its licensed affiliates. Investment advice offered through LSB Capital Management, Inc., a registered investment advisor and separate entity from LPL Financial.  Lincoln Savings Bank is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the marketing name LSB Wealth Management, and may also be employees of Lincoln Saving Bank.  These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Lincoln Savings Bank or LSB Wealth Management. Securities and insurance offered through LPL, or its affiliates, and advisory services offered through LSB Capital Management, Inc. are: 

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value



LPL Financial Form CRS