Big plans start with a simple choice: CollegeChoice 529
Your child has big plans for the future. Their plans may change over the years, but one thing is for certain.
Important Changes to the Indiana State Income Tax Credit
They'll need higher education to make their dreams come true.
That's where a simple choice today can make a big difference tomorrow - your choice to start saving now for college or technical school. The CollegeChoice 529 Direct Savings Plan is here to help you get ready for the college years with:
Tax benefits to help your money go farther
Affordable minimum contribution
Flexible investment choices
Control over your assets
Easy online enrollment and management
Opportunities to enhance your college savings with Ugift® and Upromise®
Planning for the future today can make all the difference tomorrow. And CollegeChoice 529 Direct Savings Plan can help you make that difference. Learn more
In order to avoid confusion as to tax year, please note that contributions to the CollegeChoice 529 Direct Savings Plan ("CollegeChoice 529") must be RECEIVED by CollegeChoice 529 on or before December 31, 2014 to claim the 2014 Indiana state tax credit.
Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to their CollegeChoice 529 account, up to $1,000 credit per year. This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as rollover to another state's 529 plan or non-qualified withdrawal.
For more information about the CollegeChoice 529 Direct Savings Plan ("CollegeChoice 529"), call 1.866.485.9415 or visit www.collegechoicedirect.com to obtain a Disclosure Statement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Ascensus Broker Dealer Services, Inc. ("ABD") is Distributor of CollegeChoice 529.
Please Note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
CollegeChoice 529 is administered by the Indiana Education Savings Authority (Authority). ABD, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. CollegeChoice 529's Portfolios invest in: (i) mutual funds; or (ii) an FDIC-insured omnibus savings account held in trust by the Authority at Sallie Mae Bank. Except for the Savings Portfolio, investments in CollegeChoice 529 are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, depending on market conditions, you could lose all or a portion of your money by investing in CollegeChoice 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Upromise is an optional service offered by Upromise, Inc., is separate from the CollegeChoice 529 Direct Savings Plan, and is not affiliated with the State of Indiana. Terms and conditions apply to the Upromise service. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Transfers from Upromise to a CollegeChoice 529 Direct Savings account are subject to a $25 minimum.
Upromise and the Upromise logo are registered service marks of Upromise, Inc. Ugift is a registered service mark of ABD.
Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May Lose Value.
© 2015 Indiana Education Savings Authority and Ascensus Broker Dealer Services Inc., Member FINRA. All Rights Reserved.