Nevada 529 College Savings Plans
The group of six Nevada 529 plans includes a prepaid tuition plan, an advisor-sold savings plan through Putnam Investments utilizing a multi-manager approach, an advisor-sold plan from Wealthfront featuring an online investing platform, a direct-sold 529 savings plan featuring Vanguard mutual funds, a direct-sold plan featuring SPDR ETFs, and a savings program featuring USAA mutual funds. The prepaid tuition plan has a state residency requirement.
Find out more about any of the five Nevada 529 plans by clicking the following links.
Nevada 529 Tax Benefit
The Vanguard 529 College Savings Plan, offered by Nevada, is available to residents of any state, and offers low costs, experience and easy-to-manage savings options.
The SSGA Upromise 529 plan offers a variety of investment options that use SPDR ETFs as the main investment vehicle. The Plan is managed by Ascensus College Savings with State Street Global Advisors as the investment manager. The program features college-date, risk-based and static portfolio options utilizing SPDR ETFs, and a savings portfolio option. Accounts can be linked to the Upromise rewards service....
Nevada's USAA 529 College Savings Plan is available to the general public and features age-based and static porfolio options utilizing USAA mutual funds. Accounts can be linked to the Upromise rewards service.
Advisor Sold Plans
Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers an age-based option, 3 goal-based options, 10 individual-fund options, and 2 options consisting of the Putnam Absolute Return Funds. The 10 individual-fund options include several non-Putnam mutual funds....
The Wealthfront 529 College Savings Plan is an advisor-sold plan sponsored by the State of Nevada with Ascensus Broker Dealer Services, Inc. serving as program manager. Wealthfront is a completely online platform serving as an automated investment adviser. Wealthfront conducts a risk assessment for each account owner and, in combination with the beneficiary's expected enrollment date, allocates its participants to one of twenty custom portfolios. These portfolios may be allocated among up to nine mutual funds and ETFs from iShares and Vanguard....
ABLE Nevada is offered through the National ABLE Alliance. ABLE Nevada is established and administered by the Office of the Nevada State Treasurer in cooperation with the Aging and Disability Services Division of the Department of Health and Human Services. The state's ABLE legislation authorizes the creation of ABLE Nevada within the Aging and Disability Services Division of the Department of Health and Human Services to provide independent living services and assistive technology for persons with disabilities who need independent living services....