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Hi, mamas! We're Capital Group!

What do we do at Capital Group?

Since 1931, Capital Group (home to both American Funds and CollegeAmerica, it’s 529 plan), has been singularly focused on improving lives through successful investing.

Capital Group often conducts research that Mamas looking to build generational wealth may find interesting and valuable. Recent studies have examined the impact of the COVID-19 pandemic on women’s financial futures, how investors can shift from saving for retirement to spending in retirement, and the enduring “taboo” of having financial conversations with family and friends

Wisdom of Experience – COVID-19 & Women's Finances

Throughout history, watershed moments, such as the Great Depression and the Great Recession of 2007-2009, have defined and shaped Americans’ financial philosophies. In 2021, a new survey from Capital Group found that the COVID-19 pandemic has been similarly momentous – specifically for women. 

Despite the financial challenges women continue to face post-pandemic, Capital Group’s research finds that women are adapting their financial philosophies in response to their COVID-19 experiences and cementing the resources and support systems they need to take control of their financial futures. Many women are moving decisively toward financial empowerment and freedom.

Women's Long-Term Financial Philosophies Taking Shape Post COVID-19

Findings from Capital Group’s survey reveal that many women are now prioritizing security and resilience, expecting to delay retirement, and turning to social media first for advice.

529 Plans: The CollegeAmerica Difference

Mamas, did you know that one of the most effective ways to save for college is with a 529 savings plan?  Capital Group’s CollegeAmerica is the nation’s largest 529 savings plan, with more than a million families invested.* 

CollegeAmerica is a tax-advantaged way to save for college tuition and expenses. Your 529 savings plan withdrawals will be free from federal tax as long as you use them for qualified education expenses like room and board, tuition, required books and supplies for higher education. You can also use your 529 plan to pay for K-12 tuition up to $10,000 per year per beneficiary. The cost of certain apprenticeship program expenses is another qualified education expense.

You can even use 529 plans to pay for certain student loan expenses, including the loans of a beneficiary’s sibling, up to a $10,000 lifetime maximum.

The plan is sold through financial professionals, so you always have someone to help you strategize for college savings. Learn more HERE.

*Largest by assets, according to the 4Q 2020 College Savings Quarterly Data Update from ISS Market Intelligence. As of December 31, 2020, CollegeAmerica AUM is $81.9B.

Helpful 529 Resources for Mamas

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