Saving for College - First Commonwealth Credit Union

Saving for College

Mother spending time with daughter, thinking of the future.

The Journey Begins With Saving

Education creates an impact that can last for generations.

There’s no denying the benefits of an education: the ability to compete in today’s job market, increased earning power, and expanded horizons. But these advantages come at a price. And yet, year after year, thousands of students graduate from college. So, how do they do it?

Whether they want to grow up to be a farmer or a firefighter, as parents and grandparents, we want to support them and their dreams as best we can.

Schedule an Appointment

Meeting with a Financial Advisor can guide you in helping your children and grandchildren by:

Discussing different plans and uncovering what's best for your family:

529 Plans**
Coverdell Education Savings Accounts
UGMA & UTMA Custodial Accounts for Minors

Answering frequently-asked questions by grandparents:

Will Medicaid count my grandchild's 529 Plan as part of my assets?
Can I access the money in the event of an emergency?
Can a 529 Plan affect my grandchild's chance of receiving Financial Aid?

Schedule a complimentary, no-obligation appointment to learn more about higher education planning needs.

**Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. Contact your investment representative or carrier for more information about municipal fund securities, which is available in the issuer's official statement or plan disclosure document, which should be read carefully prior to investing. Most 529 plans are sponsored and administered by states. State tax benefits vary among the states, and some offer residents additional tax benefits if they invest in their own state plan. Other state benefits may include financial aid, scholarship funds, and protection from creditors. Consult your tax advisor for more information.

Nine Steps to 401(k) Success

May 26, 2023 | Investment Services

The 401(k) plan is becoming one of the largest sources of retirement savings for many American workers...
Do You Need Life Insurance?

September 06, 2022 | Investment Services

At some point in your life, you'll probably be faced with the question of...
Estate Planning: Consider the Tax Basis of Gifted or Inherited Property

May 01, 2022 | Investment Services

A tax basis can be important when deciding whether to make gifts now or...
How to Roll Over Your Employer Retirement Plan Assets

April 07, 2022 | Investment Services

There are two types of rollovers: direct and indirect. A direct rollover is...

First Commonwealth Investment Services, Available through CUSO Financial Services, L. P.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

Registered Representatives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.

CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.