Help your clients reach their financial goals
Saving for future education expenses is an important financial goal for families. Whether saving for children, grandchildren, or other family members, there are many benefits of saving with a 529 plan that financial professionals should consider.
Award-winning programs
With two highly rated programs—Invest529 and CollegeAmerica—administered by Commonwealth Savers, professionals can help clients choose the plan that best aligns with their financial goals. Invest529 offers flexible, low-cost options directly to consumers, while CollegeAmerica provides access to a broad range of investment strategies through American Funds and is available exclusively through financial advisors.
Over 20 portfolio options
Invest529 offers a diverse selection of more than 20 investment portfolios. This allows you to customize the savings strategy and find a portfolio that matches your clients’ goals and risk tolerance. There are options for both passively and actively managed portfolios to choose.
Favorable tax treatment for estate planning
In addition to federal tax-free growth, Virginia taxpayers are entitled to a state tax deduction. Savings are treated as a completed gift to a student and are generally excludable from the account owner’s taxable estate. Special 529 rules even allow for super funding of the account up to five times the annual gift tax exclusion amount and spread that contribution over five years.
