College savings 529 plans

What is a 529 plan?

A 529 plan is an investment plan used to help families save money for college. The money in a 529 plan grows tax free. Each 529 plan is sponsored by a state, and some states offer state tax deductions on contributions made to a 529 plan. You can invest in any state’s 529 plan regardless of where you live. Withdrawals from a 529 plan are tax free as long as the money is used for college-related expenses, such as tuition, books, room and board. Buying a computer for college also qualifies as an acceptable college-related expense where you can spend your 529 savings.

How can BlackRock help?

Next to retirement, higher education is a top priority for many investors. The difficult reality is that the cost of higher education continues to escalate and saving to cover the college expenses can be daunting. With consistent investing, sound financial advice and a 529 plan, affording college education is highly achievable. BlackRock offers two solid plans for college savings.

BlackRock CollegeAdvantage 529 plan is comprised of mutual funds and ETFs from BlackRock, iShares and other leading asset managers. It also has tax advantages for multiple states, with added benefits for Ohio residents.

Service #: 866-529-8582

Here are some more features of the plan

  • Plan is based in Ohio, but available in all states.
  • Ohio residents and tax-parity state1 residents get an additional tax benefit.
  • Low minimums: $25 contribution per investment option.
  • Investors can select from active and passive strategies, target date age-based portfolios, static risk-based portfolios and single investment strategies.
  • Low $25 Annual Maintenance fee, which may be waived for Ohio residents or anyone contributing by a payroll deduction or an Automatic Investment Plan.
  • Company-sponsored plans may offer benefits such as payroll deduction.

Are you interested in the BlackRock CollegeAdvantage 529 plan?

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iShares 529 plan is comprised of iShares ETFs. It has tax advantages for multiple states, with added benefits for Arkansas residents.

Service #: 888-529-9552

Here are some more features of the plan

  • Plan is based in Arkansas, but available in all states.
  • Arkansas residents and tax-parity state residents get an additional tax benefit.
  • Flexibility to access specific sectors and asset classes through iShares ETFs.
  • Investors can select targeted asset class exposure, target year-of-enrollment portfolios, static risk-based portfolios and individual iShares portfolios.

Are you interested in the iShares 529 plan?

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