Celebrate College Savings Month with a $50 Bonus from the Edvest 529 College Savings Plan » Urban Milwaukee

MADISON, Wis. (September 9, 2024) – While saving for college can seem overwhelming, one thing is for sure – saving for this important milestone is cheaper than taking out student loans. College Savings Month, celebrated throughout September, aims to educate families on the benefits of saving for a loved one’s college education and career training through a 529 college savings plan.

Whether you pursue a two- or four-year college degree, a technical degree, a vocational course, or a registered apprenticeship, the funds saved in a 529 college savings plan can support students’ post-high school goals.

A great place to start is the Edvest 529, Wisconsin’s only direct-sold college savings plan. The Edvest 529 is specifically designed to help parents save for future college costs while offering attractive tax incentives. Wisconsin residents can receive State tax deduction up to $5,000 per beneficiary for individuals filing individually or married couples filing jointly when contributing to an Edvest 529 account. Plus, profits grow 100% tax-free when used for qualified expenses like tuition, books, room and board, computers, and more.

In celebration of College Savings Month and to help families get started saving for college, Edvest 529 is announcing $50 Bonus for New Accounts open between 9 and 27 September 2024.*

To start saving and receive a $50 bonus towards your new Edvest 529 account, follow the steps below.

1. Open an account between September 9 and September 27, 2024 at Edvest.com/bonus24.
2. Make an initial deposit of at least $50.
3. Set up recurring payments of $30 or more for six consecutive months.
4. Get a $50 bonus.

“College Savings Month is a great opportunity for parents, grandparents and other family members to talk to the students in their lives about higher education opportunities and career aspirations, and to start or continue saving toward their goals,” said Wisconsin Department of Financial Institutions Secretary Cheryll Olson-Collins. The Wisconsin Department of Financial Institutions administers the Wisconsin 529 College Savings Program, which includes the Edvest 529 College Savings Plan. “We hope this special Edvest 529 bonus offer gives families the spark they need to start their college savings journey today,” Olson-Collins added.

For more information about Edvest 529, including investment options, fees, and frequently asked questions, visit Edvest.com or follow Edvest 529 on Facebook, Instagram, and YouTube.

About Edvest 529

For over 25 years Edvest 529 – Wisconsin Just Direct-Sold 529 College Savings Plan – Helps families save for higher education expenses. Account holders can choose from 24 investment portfolios, access easy-to-use savings tools, and enjoy triple-tax benefits. Edvest 529 has received numerous accolades, including Silver designation by Morningstar Investment Research for the second year in a row, 5-Cap rating by SavingForCollege.com,¹ and the 2023 MarCom Award Platinum for Website Redesign.²

Edvest 529 is a tax-advantaged investment, meaning contributions to the account may qualify for a tax break for 2024 Wisconsin Income Tax Deduction up to $5,000 per contributor, per beneficiary, per year, for individuals filing a tax return individually or married couples filing a joint return. The plan has no sales fee, no sign-up fee, and no annual account maintenance fee. In fact, the Edvest 529 is the fifth-cheapest 529 college savings plan in the country.³

Want more details?
Watch our video, “What’s the Best Option to Save for College,” from our new College Savings Connection video series, to learn more about the 529 plan and its tax benefits.

*Visit Edvest.com/bonus24 for terms and conditions. Promotion ends 9/27/2024. Sponsored by Wisconsin’s Edvest 529 College Savings Plan.

In its annual review (11/2/2023) of the largest 529 college savings plans (54 plans representing 90% of 529 assets as of August 2023), Morningstar identified 34 plans that stand out from the rest, awarding these plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2023. These plans offer a well-researched approach to asset allocation, a solid process for selecting and monitoring underlying investments, a well-resourced and experienced investment team, stable and committed state oversight, and low fees. Investors in what Morningstar analysts consider to be the best 529 plans should be well-positioned for the future. The four key pillars Morningstar uses to evaluate 529 college savings plans include Process, People, Parent, and Price. For more information on Morningstar’s review of the Edvest 529 College Savings Plan, visit Morningstar.com. TIAA-CREF Tuition Financing, Inc. compensates Morningstar for the ability to quote these ratings in public communications. Past performance does not predict future results. Source: Morningstar.com. A Morningstar Analyst Rating for a 529 College Savings Plan is not a credit or risk rating. Analyst ratings are subjective and should not be used as the sole basis for investment decisions.

To learn more about the Edvest 529 College Savings Plan in Wisconsin, its investment objectives, risks, fees, and expenses, please review the plan description on Edvest.com before investing. Read it carefully. Investments in the plan are not insured or guaranteed, and the risk of investment loss is high. Consult an attorney or tax advisor for tax advice. Wisconsin taxpayers may qualify for a 2024 state tax deduction of up to $5,000 per year per beneficiary, for individuals filing a single tax return or married couples filing a joint tax return, on contributions made to the Edvest 529 College Savings Plan. Married couples filing separately may claim up to $2,500. If funds are not used for qualified higher education expenses, a 10% federal income tax penalty (as well as federal and state income taxes) may apply. Check with your state to see if it offers tax breaks or other benefits, such as financial aid, scholarship funds or creditor protection for investing in your own 529 plan. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, is the distributor and underwriter of the Edvest 529 college savings plan in Wisconsin.

¹SAVING FOR COLLEGE’s 5-Cap Ratings provide an evaluation and comparison of 529 plans using a formula that examines dozens of factors grouped into the following categories: Performance, Cost, Features, Reliability, and Resident. The 5-Cap Ratings represent Saving for College’s opinion of the attractiveness of each 529 plan relative to all other 529 plans, based on a number of factors it considers important. The category scores and Resident Enhancements are used to calculate the plan’s overall 5-Cap Rating using an averaging algorithm. The plan’s category scores are calculated on a scale of 1 to 5, rounded to two decimal places, and displayed on the Plan Details page next to the 5-Cap Rating. They also assign a “Resident Enhancements” score to reflect the additional benefits that the 529 plan provides to residents of the sponsoring state.

²The 2023 MarCom International Awards recognizes the outstanding achievements of creative professionals involved in the conception, direction, design, and production of marketing and communications materials and programs. Winners are judged on quality of work, creativity, and ingenuity, and each entry is viewed and discussed individually. Entries that receive points from 90 to 100 are Platinum winners. There were more than 6,500 entries from the United States, Canada, and 47 other countries.

³ISS Market Intelligence 529 College Savings Q2 2024 Tuition Fee Analysis. Edvest 529 asset-based average annual fees are 0.15% for all portfolios, compared to 0.51% for all 529 plans.

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NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee author. While believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

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