Manulife Unveils 529 Savings Calculator

December 5, 2001( - 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.

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 . Manulife’s site also offers a college cost calculator and detailed information about 529 plans.