Before investing in any 529 plan, please consider whether your or the designated beneficiary's home state offers its taxpayers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. Investment objectives, risks, charges, expenses, and other important information are included in each 529 plan's offering statement; please read and consider it carefully before investing in a 529 plan.
When you invest in a 529 plan, you are purchasing municipal securities whose value may vary based on market conditions. Investment returns are not guaranteed, and you could lose money by investing in a 529 plan. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.
The availability of tax advantages or other benefits may be contingent on meeting other requirements. Please consult your financial, tax, or other advisors to learn more about how state-based benefits and limitations would apply to your specific circumstance. You may also contact your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations.
Earnings on non-qualified distributions are subject to federal income tax and may be subject to a 10% federal penalty, as well as state and local income taxes.
Some 529 plans (like certain prepaid plans) may have residency requirements; be sure to check with the individual plan before enrolling.
Upromise earnings may be swept into 529 plans administered by Ascensus College Savings and is subject to minimum transfer amounts. For more information about 529 plans managed or administered by Ascensus College Savings, please call 1.877.529.29801.877.529.2980 or click here.
For more information about the SSGA Upromise 529 Plan ("the Plan”) download the Plan Description and Participation Agreement or request one by calling 800-587-7305. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing. Ascensus Broker Dealer Services, Inc. (“ABD”) is the distributor of the Plan.
The SSGA Upromise 529 Plan (“the Plan”) is administered by the Board of Trustees of the College Savings Plan of Nevada (“the board”), chaired by the Nevada State Treasurer. ABD serves as the Program Manager. ABD has overall responsibility for the day-to-day operations, including distribution of the Plan and provision of certain marketing services. State Street Global Advisors (SSGA) serves as Investment Manager for the plan except for the Savings Portfolio, which is manages by Sallie Mae Bank, and also provides and/or arranges for certain marketing services for the Plan. The Plan's Portfolio invest in either (i) Exchange Traded Funds and mutual funds offered or managed by SSGA or its affiliates; or (ii) a Federal Deposit Insurance Corporation (FDIC)-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in the Plan 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 Portfolio you chose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in the Plan, depending on market conditions. 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 SSGA Upromise 529 Plan and is not affiliated with the state of Nevada. Specific Terms and conditions apply to the Upromise service. Participating companies, contribution levels, terms and conditions are subject to change without notice. Transfers subject to a $25 minimum.