A 529 plan is a flexible tax-advantaged savings plan designed to help families pay for college. Earnings on 529 investments accumulate tax-free, and distributions are tax-exempt if they’re used for qualified education expenses including room and board, tuition, books, and much more.
Non-qualified withdrawals are taxable as ordinary income to the extent of earnings and may also be subject to a 10% federal income tax penalty.
With features such as federal and state tax advantages, no initial contribution minimums, and flexible investment options, higher education may just be one small, smart step away.
When you are ready to open an account, these steps can help you prepare:
- Gather the information needed to open an account with our New Account Checklist
- Review your college savings choices and the available SMART529 plans to choose an investment option that’s right for you.
Opening an account online only takes about 10 minutes:
- Gather required information
- Evaluate your college savings needs and choose the investment options that are right for you.
- Read the SMART529 Select Offering Statement. This offering statement contains information about fees, expenses, performance history, and risks.
A 529 plan is a flexible tax-advantaged savings plan designed to help families pay for college. Earnings on 529 investments accumulate tax-free, and distributions are tax-exempt if they’re used for qualified education expenses including room and board, tuition, books, and much more.
Non-qualified withdrawals are taxable as ordinary income to the extent of earnings and may also be subject to a 10% federal income tax penalty.
With features such as federal and state tax advantages, no initial contribution minimums, and flexible investment options, higher education may just be one small, smart step away.
When you are ready to open an account, these steps can help you prepare:
- Gather the information needed to open an account with our New Account Checklist
- Review your college savings choices and the available SMART529 plans to choose an investment option that’s right for you.
Opening an account online only takes about 10 minutes:
- Gather required information
- Evaluate your college savings needs and choose the investment options that are right for you.
- Read the SMART529 Select Offering Statement. This offering statement contains information about fees, expenses, performance history, and risks.
A Plan For Everyone
Parents
Saving for a future college education is a great advantage for a child. No matter what your child’s age or anticipated date of college enrollment, the sooner you start saving, the better.
Grandparents
From the time they are born, your grandchildren become a special part of your life. Whether you live close by or far away, the love you have for them is near and dear. You can be there for them and take part in an important role – saving for their future education.
