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The time has finally arrived. Your child or grandchild will soon be attending college. All of your years of planning and saving for this day—including your contributions to your John Hancock Freedom 529 account—are ready to be put into action. But before you do anything, you and your financial advisor should meet to discuss strategies. As you formulate your plan, here are the answers to some commonly asked questions regarding 529 account withdrawals.

Is college right around the corner? Before you and your child make your decisions, take the time to learn how financial aid is calculated. Don’t assume that because your income and/or savings are high that your child won’t qualify for aid. Many factors are used to determine who has a financial need, including your marital status, size of your household, your age, and the type of assets you own. Eligibility can be the key to determining which schools to apply to.

Learn about the importance of saving for college, the advantages of using 529 plans, and the unique benefits of John Hancock Freedom 529.

A concise resource that provides an overview of John Hancock Freedom 529's unique investment offerings for college savings.

Explore the highlights of the unique advantages of the John Hancock Freedom 529 plan as well as the benefits of saving for college with a 529 account.

Your child is in high school but it seems like only yesterday you were changing diapers and getting ready for the first day of kindergarten. Even though college may be just a few years away, it’s not too late to start saving for higher education by opening a 529 account. In addition to opening and funding a 529 account, what else can you do to help your child advance? This piece explores some suggestions.

Yesterday, they were in diapers. Today, they’re climbing trees. Tomorrow, they’ll be graduating from high school. Your child may still seem young, but time goes by quickly. That’s why it’s never too early to start planning for a college education by opening a 529 account. The sooner you start, the longer your contributions can potentially grow. In addition to opening and funding a 529 account, what else can you do to help your child advance? This piece explores some suggestions.

Planning for college takes time and patience—and a little bit of foresight doesn’t hurt either. No matter what age, there are steps you can take today to help your child on the road to a better education.

Did you know that a 529 plan account can be a great estate planning tool that can be stretched to benefit multiple generations? Once one child has completed their education, the remaining balance continues to grow tax free until the next child is ready for college. You remain in full control of the assets, and can determine account ownership or change the beneficiary.

Many families find that just as their college plans come into focus, information about tuition and expenses becomes more confusing. To offer some context for families preparing to send a child to college, we take a closer look at some common beliefs—and a few misconceptions—about 529 college savings plans, student loans, financial aid, and what steps you can take today to better prepare for higher education expenses.

Many families are taking advantage of a gifting feature unique to 529 college savings plans that helps account owners maximize the market’s compounding potential. Parents and grandparents can make five years’ worth of contributions in a single year—up to $70,000 ($140,000 for couples filing jointly) per child or grandchild—without triggering gift taxes. When made at the start of the account, a large lump-sum gift may be the most cost-effective way to save.

Many families are taking advantage of the estate planning benefits offered by 529 college savings plans. Contributions are considered completed gifts that reduce the value of a donor’s estate, and the accelerated gifting feature lets you make five years’ worth of contributions in a single year—up to $70,000 ($140,000 for couples filing jointly) per child or grandchild—without triggering federal gift taxes. The result is a powerful educational legacy that may also help lower estate taxes.

Help navigate the most commonly asked questions about the overall benefits of 529 plans and the specific features of John Hancock Freedom 529.

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