IMPORTANT LEGAL INFORMATION
These calculations are made available to you as self-help tools for your independent use and are intended to provide you with approximate estimates of each client's potential future college costs, potential savings invested in a hypothetical 529 college savings plan, monthly and yearly contributions that may be needed to fund a college education, and, if you choose to enter tax rates and deduction information, a comparison to a hypothetical investment in a taxable account. The calculations rely on a number of simplifying assumptions and amounts entered and selections made by you. The results presented are hypothetical illustrations, may vary from any given client situation, and neither reflect actual performance nor predict future results of any investment program.
There may be additional costs associated with attending college that have not been factored into the calculations, such as miscellaneous administrative charges, discretionary meal expenses, supplies, etc. No management fees, service fees or account maintenance fees associated with 529 plans and other types of investment vehicles have been included in the calculations; if such fees had been included, the projected account balances would be lower.
The calculations in the College Savings Planner take into account estimated tax variables based upon what you enter/select. There may be limitations and restrictions on eligibility for tax benefits depending on the tax code in the investor's state of residence or in the state where they pay income taxes that have not been factored into the calculations. As tax laws and information frequently change, neither Pershing LLC nor SS&C guarantees or warrants the completeness or accuracy of this information. Pershing LLC and SS&C do not provide investment advice, legal advice or tax advice and this report should not be presented as such to your clients.
It is your responsibility to insure that all investment transactions and investment strategies that you recommend are suitable based on an individual client's investment profile or suitability profile, including any state tax or other benefits available for investing in the client's home state Section 529 college savings plan. Your client's investment objectives, risk tolerance as well as the potential risks, charges and expenses of the contemplated investment should also be considered. You should instruct your client to check the 529 college savings plan's official statement containing this information before establishing an account or investing in any 529 plan. It is also advisable to recommend that your client seek tax legal and/or tax advice based on his or her own particular circumstances from an attorney or independent tax advisor.
DST Systems, Inc., an SS&C company, Pershing LLC and their affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool and are not responsible for any human or mechanical errors or omissions.
