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The Vanguard 529 College Savings Plan

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Our rating

Good NV resident benefits

NV resident benefits

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.

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KEY METRICS

OVERVIEW

Program type

Savings

Inception

2002

State agency

Board of Trustees of the College Savings Plans of Nevada

Tax deduction

For single filers: None

For joint filers: None

Program manager

Ascensus College Savings

Program distributor

Vanguard Marketing Corporation

Manager contract term

Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old and UGMA/UTMA custodians.

Significant time or age restrictions imposed by the program:

None

Did you know?

  • 529 plan contributions grow tax-free.

    Withdrawals are tax-free when used to pay for qualified higher education expenses.

  • You can contribute as much as you want, as often as you want.

    The key is to get started. Enroll today by completing a quick form online.

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Contributions

Maximum contributions:

Accepts contributions until all account balances in Nevada's 529 plans for the same beneficiary reach $500,000.

Minimum contributions:

The minimum initial contribution is $1,000 or $50 through an employer automatic investment plan. The minimum initial contribution for Nevada residents is $500 or $50 through employer automatic investment. The minimum subsequent contribution is $50.

Does the program offer an e-gifting platform for receiving gift contributions?

This plan offers a robust gifting platform that allows gift-givers to save their own profile for recurring or future contributions.

Investment Options

Investors in The Vanguard 529 College Savings Plan can select from the following investment options. Click on a portfolio name for more information.

The Target Enrollment Portfolios contain 12 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the account owner's risk tolerance or the number of years to expected enrollment. 11 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Vanguard Commencement Portfolio.

Age-based/Enrollment Year investment options:

The Target Enrollment Portfolios contain 12 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the account owner's risk tolerance or the number of years to expected enrollment. 11 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Vanguard Commencement Portfolio.

Static investment options:

Select among 6 multi-fund individual portfolios and 15 single-fund individual portfolios.

Underlying investments:

Vanguard mutual funds.

Underlying fund allocations:

Portfolio Fees & Performance Lookup

Fees & Expenses

Enrollment or application fee:

None.

Account maintenance fee:

None

Program management fees:

0.11%

Expenses of the underlying investments:

Not applicable, 0.03% in the target enrollment and static blend portfolios; and 0.01% to 0.26% in the individual portfolios.

Total asset-based expense ratio:

0.12% - 0.37%

Taxes and other Benefits

Tax deduction for single filers:

None

Tax deduction for joint filers:

None

Note:

Nevada doesn't offer tax deductions

Program match on contributions:

None.

State tax deduction or credit for contributions:

Not applicable. Nevada does not have a personal income tax.

Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan are eligible for a 25% tax credit on matched contributions up to $500 per employee per year.

State tax recapture provisions:

N/A

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, apprenticeship programs, interest and/or principal on qualified education loans up to a $10,000 lifetime cap, and up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Distributions from a 529 account directly to a Roth IRA are considered a qualified expense.

State tax treatment of qualified distributions:

Not applicable. Nevada does not have a personal income tax.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Is there a rewards program or outside scholarship program that works with this program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Statutory protection of an account from creditors:

Did you know?

  • Residents are not limited to investing in their own state's 529 plan.

    Another state may offer a plan that performs better and has lower fees.

  • The 529 plan chosen does not affect which state the student enrolls in.

    You can live in New York, open a plan from Nevada and send a student to college in Florida.

  • The best way to maximize your college savings?

    Start early and save often. You can get started today with easy online enrollment.

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Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Telephone:

1-866-734-4530

Start saving for your child's future today

Complete the online application and make your first deposit

The Vanguard 529 College Savings Plan
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