529 College Savings Plans

This is the smartest way to save for college

Does your vision for the future include a college fund for your child, grandchild, or other loved one? Opening a 529 account comes with some great tax savings opportunities you don’t want to pass up. Even better, UBT manages a few of the best 529 plans in the nation, so you know your savings are in good hands.

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.

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Why Open a 529 Account?

Opportunity for growth

A 529 plan is an investment account, so your money has the potential to move with the markets. And the earlier you can start putting money away, the more time you have to contribute and to give the account growth opportunities.

Tax advantages

Your 529 savings are tax-free while in the account, so any potential growth is yours to use for college. When it’s time to use the money for school, withdrawals for qualified expenses have the potential to be tax-free. Your home state may offer additional tax breaks, too.

Flexibility down the road

Wherever your loved one’s education journey leads, their 529 savings can follow. Funds are eligible for use at most two- and four-year institutions, as well as many technical and trade schools.

Anyone can help save

Friends, family, and even friends who feel like family can easily contribute to the account. Nothing like the gift of an education.

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.

Nest 529 Education Savings

*Morningstar analyzed and rated 61 plans nationwide. Analyst ratings for 529 college savings plans consider: Process, People, Parent, and Price. Based on their conclusions, analysts will assign pillar scores. Morningstar analysts retain discretion to override scores if they believe a unique characteristic justifies a different rating than the score suggests. The Morningstar Analyst Rating™ is a subjective evaluation and is not a credit or risk rating. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. ©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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.

Investment products: Not FDIC Insured — No Bank Guarantee — May Lose Value.