College savings for every future
Understanding 529 plans and their benefits
Give the gift of knowledge, career skills and life-changing opportunities — in the form of a tax-advantaged, benefits-oriented college savings account that can be used for a variety of qualified higher education expenses.
What is a 529 plan?
Kick-start your college fund with an account that’s flexible, simple to manage and any earnings are tax-deferred!
A tax-advantaged way to save for college and other higher education expenses
Can be used for expenses like tuition, fees, computers, textbooks, and room and board1
A lower impact on financial aid qualification than many other investment options2
Can be opened with only $25 and in 15 minutes
What can an Edvest 529 college savings account do for me?
Tax-advantaged growth potential
With an Edvest 529 College Savings Plan account, you could save more with tax-deferred growth and 100% tax-free earnings for qualified withdrawals. Wisconsin taxpayers can also reduce their 2024 state taxable income up to $5,000 per year. When you pay less taxes, you have the ability to earn more and grow your college savings account faster—giving your beneficiary an even bigger head start!
Limitations apply.3
Tax-deferred growth can mean more money for college expenses.
Taxable vs. Tax-Deferred growth over 10 years.*
- Taxable Investment
- $179.64
- Tax-Deferred Investment
- $210.61
Read about material differences between taxable investments and tax-deferred investments.
Graph Footnotes
- *Index performance data shown represents past performance and does not predict or guarantee future results. You cannot invest directly in any index. Index returns do not reflect a deduction for fees or expenses.
This chart shows the hypothetical growth of $100 invested in a Taxable and Tax-Deferred Investment over 10 years with an annual return of 7.8%. Performance represented by a standard balanced portfolio represented by 60% Russell 3000 index and 40% Bloomberg US Aggregate Index average ten-year return (7/1/2014 to 6/30/2024). Tax calculations assume federal tax rate of 22%, a state income tax rate of 6%, that all taxable investment earnings are paid annually, and that state taxes are not federally deductible. This illustration is for informational or educational purposes only and does not constitute advice. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Be sure to consult your legal or tax professional for tax advice.
The Russell 3000® Index measures the performance of the largest 3,000 US companies designed to represent approximately 98% of the investable US equity market. The Bloomberg US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar denominated, fixed-rate taxable bond market. ↩
Flexible spending
An Edvest 529 College Savings Plan can be used to pay for a wide range of qualifying educational expenses. Plus, you can withdraw money as needed for qualified expenses and even transfer funds to eligible beneficiaries at no cost.
- Use your savings at colleges, universities, trade schools and community colleges, at graduate or post-graduate schools, professional programs, apprenticeships, and more.4
- Pay for tuition, fees, computers, textbooks, room and board or off-campus rent, and other required expenses.
- Pay for qualifying K-12 tuition expenses.4
- Use your funds at eligible institutions in-state or anywhere in the world!
- Even use for student loan repayment subject to a lifetime limit of $10,000 per individual.4
Low fees and expenses
Saving for college for your child shouldn’t break the bank. That's why investment expenses for the Edvest 529 College Savings Plan are less than half the average for direct-sold plans and less than one-third the average of what you'd pay for an advisor-sold plan.5
When you open an account, you can enjoy a variety of no-cost perks like:
- NO application fees
- NO cancellation fees
- NO change–in–beneficiary fees
- NO change–in–investment-portfolio fees
- NO loads or sales charges
- NO commissions
- NO transfer fees
Investment Portfolios
The Edvest 529 College Savings Plan offers a variety of professionally managed investment portfolios to fit your life situation, risk tolerance and higher education savings goals. So, whether you’re a new or experienced investor, prefer to be hands-on or would rather “set it and forget it,” there’s a plan for you!
Investment Portfolios
