Study Up on the Basics
What is a 529?
A 529 plan is a tax-advantaged investment account. Its name stems from Section 529 of the IRS tax code, which provides special tax benefits — clearing a potential path for students to graduate with less debt.
NEST 529 College Savings
Nebraska’s 529 plan has gained national recognition for its investment options. In-state residents can take advantage of additional tax benefits when they invest with NEST, too.
Bright Start 529
This Illinois-based plan is one of the nation’s most highly regarded direct-sold 529 plans and offers low-cost investment options from respected mutual fund families, including Vanguard, DFA, T. Rowe Price, and Dodge & Cox.
Alabama’s highly rated plan was named one of Kiplinger’s favorites thanks to its low fees. CollegeCounts 529 offers quality fund families and great flexibility.
An investor should consider the investment objectives, risks, and charges and expenses before investing. This and other important information is contained in the program disclosure statement for the plan which can be obtained at the plan web site and should be read carefully before investing. You can lose money by investing in a portfolio. Each of the portfolios involves investment risks, which are described in the program disclosure statement.
Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s 529 plan.