The Moneyhune Savings account is especially designed for keiki under the age of 18. It can be converted to a Statement Savings account when the individual turns 18 years old. We also have investment and savings accounts used for education. Speak to a Financial Advisor for more information.
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Tax-deferred and tax-free withdrawals on some accounts for qualified educational purposes
Beneficiaries may be changed without penalty
Contributions may be made by any family member (including grandparents, aunties, uncles and more)
In preparing to meet with one of our Financial Advisors, please have the following information:
Information on your current financial situation
Your risk preference
Your desire for asset allocation and diversification
Plan today for a smarter tomorrow
Contributions are not tax-deductible, but all earnings and withdrawals are tax-exempt and free of penalties as long as the withdrawals are made for qualified education expenses
College Savings Plan
Contributions are tied to the gifting exclusion limit of $15,000. You could also make up to 5 years worth of contributions (or $70,000) in one year
(UTMA or UGMA)
Up to certain limits, these accounts are taxed at the child's rate. Withdrawals may be made for any expenses that benefit the child – not just education expenses
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† Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFG STC Insurance Agency LLC), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investments are offered. Advisory services are only offered by Investment Adviser Representatives. Registered address and phone number: American Savings Investment Services, 300 North Beretania Street Honolulu, HI 96817. (808) 735-1717.
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