If you are not an Iowa taxpayer, consider before investing whether your or the designated student's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Investment objectives, risks, charges, expenses and other important information are included in the Program Description read and consider it carefully before investing. Investment returns are not guaranteed, and you could lose money by investing in College Savings Iowa.įor more information about College Savings Iowa, obtain a Program Description online or request one by calling 88. Learn more on a variety of college savings topics Fitzgerald, Treasurer of State Related items We’ll return to our full schedule as soon as possible and appreciate your patience during this extraordinary time. This temporary change in service will be in place until further notice. Talk with one of our education savings specialists.Įffective immediately, College Savings Iowa education savings specialists will be available to provide assistance on business days from 8 a.m. Learn more about Ascensus External website opens in a new window These services help make College Savings Iowa 529 more attractive and affordable for American families. Learn more about Vanguard External website opens in a new window About AscensusĪscensus began partnering with College Savings Iowa 529 in 2004, providing recordkeeping and administrative services for the plan.Ī recognized leader in administrative services for 529 plans, Ascensus provides a broad combination of service options that allow plan participants to manage and contribute to their accounts online. In addition to low-cost funds, you can take advantage of Vanguard's extensive array of products and services for retirement, college savings, general investing, and advice and financial planning. funds designed to help you achieve your financial goals. Since its own beginning in 1975, Vanguard has grown to become one of the world's largest global investment management companies, with total assets of approximately $8.1 trillion (as of March 2022). Vanguard ® has served as the investment manager for College Savings Iowa 529 since the plan's inception in 1998. Each state also imposes its own cumulative contribution limit.College Savings Iowa 529 works with Vanguard and Ascensus to offer you a convenient, low-cost, tax-advantaged way to save for higher education. Some may not have minimum contribution amounts but do for automatic contributions, such as payroll deductions. We looked at 529 plans offering more hands-off choices such as age-based portfolios as well as individual funds.Įach state's 529 plan may have different minimum contribution amounts. Investment options: Having more choices means that parents and guardians can decide how involved they want to be when selecting their portfolio.These costs also affect the amount investors will be able to save. We looked at 529 plans offering more passive types of securities like index funds, with the expense ratio being a major deciding factor. Fund expenses: Aside from management fees, we chose plans offering the lowest maintenance fees for their underlying funds.We looked at returns over a five-year time period. However, seeing historical patterns of returns may indicate the plan manager is doing their job well. Investment returns: Past results do not guarantee future performance of any investment.Even a small fraction of a percent in fees can mean thousands of dollars in savings for the investor. Management fees: The plans on our list offer some of the lowest management fees, important since these fees can affect your annual balance.We focused on the following features when comparing the best 529 plans: We didn't evaluate 529 plans based on advantages (such as lower fees) for in-state residents or prepaid college plans. We looked at plans with offerings from reputable companies and investment managers and a variety of options to help the investor meet their goals. To determine which 529 plans offered the best underlying investments, low fees and a variety of investment choices, Select analyzed dozens of offerings and narrowed it down to a list of 10 finalists.
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