The Vanguard Group, Inc., serves as the Investment Manager for The Vanguard 529 College Savings Plan and through its affiliate, Vanguard Marketing Corporation, markets and distributes the Plan. Please consult with a tax advisor for further guidance. State tax treatment of K–12 withdrawals is determined by the state(s) where the taxpayer files state income tax. Other state benefits may include financial aid, scholarship funds, and protection from creditors. If you are not a Nevada taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Vanguard Marketing Corporation serves as distributor for some 529 plans. If you are not a taxpayer of the state offering the plan, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Vanguard Marketing Corporation, Distributor.įor more information about any 529 savings plan, contact the plan provider to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other information read and consider it carefully before investing. Such deductions are subject to recapture in subsequent years in which non-qualified withdrawals are made.įor more information about The Vanguard 529 College Savings Plan, call 87 or obtain a Program Description (PDF), which includes investment objectives, risks, charges, expenses, and other information read and consider it carefully before investing. †††Contributions to the Plan(s) are deductible from Colorado state income tax in the tax year of the contribution, up to your Colorado taxable income for that year. For more information about the Analyst Ratings, as well as other Morningstar ratings and fund rankings, please visit Usually annually (although subject to change), Morningstar evaluates 529 plans in five different areas-process, performance, price, parent, and people-and assigns an Analyst Rating for more than 60 529 plans. The Analyst Rating seeks to evaluate each plan's investment options within the context of its objectives, appropriate benchmarks, and peer groups. The top three ratings (Gold, Silver, and Bronze) indicate that Morningstar's analysts think highly of a 529 plan the differences correspond to the level of analyst conviction in the ability a plan's investment options have to collectively outperform their respective benchmarks and peers through time, within the context of the level of risk taken. Analyst Ratings are assigned on a five-tier scale running from Gold to Negative. The rating is the subjective summary expression of the firm's forward-looking quantitative and qualitative analysis of a 529 college savings plan. The Morningstar Analyst Rating® for 529 College-Savings Plans is not a credit or risk rating. ††Rated "Silver" by Morningstar, Inc., in 2021. †Vanguard managed approximately $141 billion in 529 plan assets as of June 30, 2022. Sources: ISS Market Intelligence, December 2022. Average annual asset-based fees for age-based portfolios. Industry average 529 expense ratio: 0.50%. ***Vanguard average 529 expense ratio: 0.14%. If you are not a Nevada taxpayer, please consult with a tax advisor. State tax treatment of withdrawals used for i) expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, ii) expenses related to apprenticeship programs, or iii) student loan repayments is determined by the state(s) where the taxpayer files state income tax. The availability of tax or other benefits may be contingent on meeting other requirements. *Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes.
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