Resources


529 Plans: Saving for Education


Saving for the Future


The majority of people feel that education can lead to better employment opportunities and higher earning potential.1 But the high cost of education is a challenge.

529 plans can help.
529 plans allow families to save for education expenses related not just to college, but also K-12 elementary or secondary public, private or parochial school tuition —and to do so in a vehicle specifically structured to help, with tax advantages and high contribution limits. Plus, some states offer state tax benefits for contributions to a 529 account.


Why are 529 Plans Important?

Help your clients save today for tomorrow’s education expenses.


529 Plan FAQs

Walk through common questions and misconceptions to get to the facts.


Not Just for College Anymore

Passage of the Tax Cuts and Jobs Act in December 2017 means 529 plans aren’t just for college expenses anymore.


Start the Conversation


Bring the 529 plan into client conversations with help from our Education Savings Conversation roadmap, or consult some of our additional resources to learn more about how a 529 plan can help meet your client’s financial goals:


Ready to Enroll Clients?


With the SSGA Upromise 529 Plan, you can offer your clients a way to save today for future education needs. The SSGA Upromise 529 Plan offers:

  • A variety of investment options from State Street Global Advisors
  • Valuable tax benefits2
  • SPDR® ETFs as the main investment vehicle for the 529 Portfolios3
Footnotes

1 Nielsen. “A Gateway to a Better Life.” 09/10/2013. www.nielsen.com/us/en/insights/reports/2013/a-gateway-to-a-better-life.html.

2 The availability of tax or other benefits may be contingent on meeting other requirements.

3 Although they invest in ETFs and/or mutual funds, the SSGA Upromise 529 Plan Portfolios are not ETFs or mutual funds themselves. As an SSGA Upromise 529 account owner, you will own units of the portfolio, which are municipal fund securities, not shares of the ETFs or mutual funds.

Disclosures

Information represented in this piece does not constitute legal, tax, or investment advice. Investors should consult their legal, tax, and financial advisors before making any financial decisions.

Investing involves risk, including the risk of loss of principal. Investment returns will vary depending on the performance of the portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in the Plan, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

The SSGA Upromise 529 Plan (the “Plan”) is administered by the Board of Trustees of the College Savings Plans of Nevada (the “Board”), chaired by Nevada State Treasurer. Ascensus Broker Dealer Services, Inc. (“ABD”) serves as the Program Manager. ABD has overall responsibility for the day-to-day operations, including distribution of the Plan and provision of certain marketing services. State Street Global Advisors (SSGA) serves as Investment Manager for the Plan, except for the Savings Portfolio, which is managed by Sallie Mae Bank, and also provides or arranges for certain marketing services for the Plan. The Plan’s Portfolios are either (i) powered by SPDR® ETFs—meaning the underlying funds offered for investment options are exchange-traded funds (“ETFs”), and where applicable, mutual funds offered or managed by SSGA Funds Management, Inc.; or (ii) a Federal Deposit Insurance Corporation (FDIC) insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in the Plan are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

For more information about the SSGA Upromise 529 Plan ("the Plan") download Plan Description and Participation Agreement or request one by calling 1-800-587-7305. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing. Ascensus Broker Dealer Services, LLC. ("ABD") is distributor of the Plan.

Please Note: Before you invest, consider whether your or the 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 that state's qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 college savings plan(s), or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.