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Investments > Saving for Education
Saving for Education

The importance of planning for a child's future is universally recognized and encouraged. But as the cost of education increases, so does the need to begin investing as early as possible. Fortunately, with proper planning using a variety of funding options, the education you want for your child can be within your reach. Education funding options available include:

     
UGMA-UTMA
Custodial Accounts such as UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) accounts, allow you to invest for a child while enjoying tax advantages.
  Funding Option Comparison
Compare your options — this helpful chart shows annual funding limits, tax-deffered growth potential and tax-free withdrawals indicators.
     
Coverdell Education Savings Accounts
Coverdell Education Savings Accounts (formerly Education IRAs), provide the opportunity to save and enjoy tax-free growth of earnings.
 

FAQs
Find answers to frequently asked questions concerning education funding.

     
529 Plan
529-College Savings Plans make saving for college simple and affordable. They offer tax-saving advantages, apply to schools nationwide, and provide multiple investment options, helping you make higher education a reality for your children.
   
     
     
Your Thrivent Financial representative can provide you with more information about which education funding options may be right for you.
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4321 N. Ballard Road
Appleton, WI 54919-0001 USA
800-THRIVENT
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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Thursday, December 28, 2006 at 12:04 PM