MI 529 Advisor Plan
MI 529 Advisor Plan, managed by TIAA-CREF Tuition Financing, Inc., features enrollment-year, asset-allocation, and individual-fund portfolios using funds from nine investment managers. To find a financial advisor in your area, use the Directory of Financial Professionals.
3.5 of 5
3.5 of 5
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- Program typeSavings
- State agencyMichigan Department of Treasury
- Tax deduction
- Program ManagerTIAA-CREF Tuition Financing, Inc.
- Program distributorNuveen Securities, LLC
Ratings & Rankings
Our overall rating for MI residents
This is a recent program and does not yet have a 5-Cap Rating assigned.
Our overall rating for non-residents
This is a very good program that offers valuable benefits but may have some limitations or concerns that investors need to know.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:
Who can be a participant/owner in the program?
Age-based/Enrollment Year investment options:View more age-based investment options
Static investment options:View more static investment options
Underlying investments:View a full list of this plan's investment options
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Broker loads and commissions:
Does breakpoint pricing include non-529 assets under rights of accumulation policies
Taxes and other Benefits
- Tax deduction for single filers$5,000/yr
- Tax deduction for joint filers$10,000/yr
Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.