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Products May 12, 2001
Manulife Unveils 529 Savings Calculator
December 5, 2001(PLANSPONSOR.com) - Manulife
Financial introduced a college savings calculator, which
compares the potential tax benefits between keeping college
savings in UGMA/UTMA accounts, versus transferring the assets
to a 529 savings plan.
Reported by Camilla Klein
Marketed at financial advisors, the calculator also compares an UGMA/UTMA account with a Section 529 plan in terms of the future value of investments, internal rate of return on investments, and yearly cash flow.
The calculator is available to financial advisors online at Manulife College Savings’ financial consultant resource center, accessed through www.manulifecollegesavings.com . Manulife’s site also offers a college cost calculator and detailed information about 529 plans.