Maximizing the Louisiana START 529 Plan for High-Income Physicians

This material is for informational and educational purposes only and does not constitute specific investment, tax, or legal advice. JECohen is a Registered Investment Adviser. Information provided herein is based on current Louisiana tax laws and the Louisiana START Saving Program guidelines as of August 2026, which are subject to change without notice. JECohen and its representatives do not provide tax or legal advice. Clients should consult with their personal tax professional or CPA regarding their specific tax situation, state tax deductions, and the application of carryforward provisions before making any financial decisions. Prior to investing in a 529 plan, investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such a state's qualified tuition program. Withdrawals used for qualified higher education expenses are free from federal and state income tax. However, the earnings portion of a non-qualified withdrawal is subject to ordinary income tax and a 10% federal penalty tax. Investments in 529 plans are not FDIC insured, are not guaranteed by the state or any bank, and involve investment risks, including the potential loss of principal.