Mohave State Bank Partners with College Savings Bank to Provide FREE Financial Planning to Arizo

YUMA, Ariz. - Nov. 1, 2013 - PRLog -- (Yuma, AZ – November 2013) – Mohave State Bank (MSB) is hosting four hourly seminars starting at 10 a.m. on November 15 to help residents of Arizona plan for future college expenses. Lisa Hullinger of College Savings Bank—a program manager for the Arizona Family College Savings Program (AFCSP)—will conduct an interactive educational workshop on Ways to Save Effectively for College at the 1800 S. 4^th Ave. branch in Yuma. Contact Jeff Byrd of MSB at (928) 344-8822 for more information.

Partnered with College Savings Bank, MSB knows the importance of helping their customers achieve their personal goals. MSB is dedicated to serving the community and each individual customer’s needs.

Did you know?

For 2013, Arizona lawmakers expanded the state income tax deduction for contributions to 529 plans from $750 to $2,000 for single or head of household and from $1,500 to $4,000 for married couples filing jointly.
You can start an Arizona 529 plan with as little as $25 per month.
Your 529 college savings can be used at any accredited institution in the United States and abroad; whether it’s a vocational or training program, “brick and mortar” or online college or university.

According to the College Board, the average undergraduate student borrower at an Arizona university will graduate with more than $22,000 of educational debt. “Studies show that having a college savings account, no matter how big or small, can boost a child’s chances of going to college,” said Dr. Osborn, Arizona Commission for Postsecondary Education Executive Director. “Even a small amount of money, saved on a regular basis, can grow into a considerable amount. It is one of the best investments a family can make.”

MSB is one of the oldest and largest community banks in Arizona. It serves business owners and individuals with their banking needs. MSB is a full service bank with six branches and online and mobile banking services.

College Savings Bank is an industry pioneer with over 26-years of experience of raising the awareness planning, diversifying and saving towards a loved one’s college education.To learn more, please call College Savings Bank at 1-800-888-2723 or visit our website, http://www.collegesavings.com/arizona.

Before investing in any 529 plan, you should consider the benefits of your home state’s 529 plan. It may provide taxpayers with state tax and other benefits that are only available through your home state’s 529 plan. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances. You also may wish to contact your home state’s 529 plan[s], or any other 529 college savings plan, to learn more about those plans’ features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.  Early withdrawal tax penalties apply and non-qualified withdrawals are taxable. The College Savings Bank 529 Plan is not insured by the State of Arizona.  Neither the principal invested nor the investment return is guaranteed by the State of Arizona.

©2013 College Savings Bank Member FDIC. All rights reserved. InvestorSure is a registered service mark of College Savings Bank. Please read the 529 Plan Disclosure Statements carefully before you invest or send any money.