© Copyright 2023 Hartford Funds Management Group, Inc. "The Hartford" is The Hartford Financial Services Group, Inc. SMART529 is distributed by Hartford Funds Distributors, LLC. Please read them carefully before you invest or send money. This and other information can be found in the Offering Statement for SMART529, including privacy notices, and the prospectuses or other disclosure documents for the Underlying Funds, which can be obtained by calling (866) 574−3542. You should carefully consider the investment objectives, risks, charges and expenses of SMART529 and its Underlying Funds before investing. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice. These materials are not intended to provide tax, accounting or legal advice. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. Please see the Offering Statement for details of charges or fees that apply to the specific SMART529 savings plan. Investments in SMART529 are subject to certain charges, which will reduce the value of your Account as they are incurred. Investments in SMART529 are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors. Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College and Jumpstart Savings Programs, the West Virginia State Treasurer's Office, HFMC, The Hartford Financial Services Group, Inc., the investment sub-advisers for the Underlying Funds or any depository institution. Before investing, an investor should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Explore different scenarios and find a plan that works. This planner takes into account the current age of your child and when he/she plans to start college, your savings goals, the estimated future cost of college and other important factors. West Virginia (WV) provides certain tax advantages to WV taxpayers that invest in SMART529 Direct. College Savings Planning Calculator Use this calculator to help create a plan for saving for college. SMART529 Direct is available to residents of West Virginia or to non-residents where the beneficiary is a resident of West Virginia. SMART529 is a college savings plan offered by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs and administered by Hartford Funds Management Company, LLC ("HFMC"). How to Begin in Elementary & Middle School.You are now able to rollover (from designated beneficiary 529) funds to an ABLE account as long as it is for the same beneficiary or a family member! You can rollover up to the annual contribution limit ($15,000) until January 1 st, 2026. ABLE accounts allow individuals with disabilities and their families to save money for disability-related expenses of the account’s beneficiary. Advisor to give personal advice in reaching educational planning needsĭid you know you can use a total of $10,000 of your 529 College Savings Plan per year on K-12 education for your beneficiary? Also, did you know you can rollover from the designated beneficiary’s 529 account to an ABLE account for same beneficiary or a family member?Īn ABLE account operates similarly to a 529 account.Employer-sponsored 529 plans offer benefits like: To make it easier for you to save for a family member’s college education, James Madison University is offering a 529 College Savings Plan that allows automatic funding via payroll. With the cost of college tuition continually increasing, most parents/guardians/grandparents can use some help saving for college expenses. Virginia529 College Savings Plan through FIRM & American Funds (JMU Payroll Deduction 529 Plan)
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