Trust and Investments



College Savings

Coverdell Educational Savings Account
This account allows for nondeductible contributions to an account that features tax-free withdrawals for a child’s primary, secondary or post secondary education expenses.

The annual contribution limit is $2,000 per child and is subject to Modified Adjusted Gross Income adjustments.

Distributions for education expenses are tax-free.

529 College Savings Plan
College savings plans allow for nondeductible contributions and tax deferred accumulations of earnings.  The Distributions are tax free for post secondary educational expenses.

There is no limit on the annual contributions; however the 529 College Savings Plan is capped at $350,000 per beneficiary.  Anyone can contribute to the account.  Annual gift tax should be considered when making contributions to a 529 plan.

Disclosures
Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency. Advisory services may only be offered by investment adviser representatives.

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The Information in this website is for U.S. residents only.  The information on the website does not constitute an offer to sell. Or a solicitation of an offer to purchase brokerage services to persons outside the United States.

College Savings Representatives

Contact a CornerBank representative below to help you today!

Gene Heffron

Senior Vice President, Asset Management

Lawrence, Wichita, Winfield

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