We’re excited to announce that Edvest was awarded a 5-Cap Rating by SavingforCollege.com for Wisconsin residents! This is the second year in a row Edvest has received the honor.
What is a 5-Cap Rating? A 5-Cap Rating* indicates a 529 program offers outstanding flexibility, attractive investments and additional economic benefits. Every state-sponsored program in the country is reviewed by SavingforCollege.com and evaluated on a variety of factors that are important to families who are saving for higher education.
Our 529 program was awarded the highest possible score for state residents due to a variety of factors, including: performance, costs, features, and reliability. The program was also awarded 4.5 Caps for non-Wisconsin residents. Here are just a few of the program’s highlights:
- Edvest can be started with just $25! Accounts are not limited by household income, annual contribution limits, or withdrawal schedules.
- Edvest offers investment portfolios varying in style and degree of risk including age-based portfolios that adjust from aggressive to conservative options as your child ages as well as portfolios that protect principal and guarantee a fixed rate of return.
- Contributions to Edvest may reduce the taxable income of Wisconsin residents, even for non-family members up to $3,100 per beneficiary.
James DiUlio, director of the Wisconsin 529 College Savings Program and Vice-Chair of the College Savings Plan Network, says “We’re flattered to be recognized by SavingforCollege.com. This recognition reiterates why Edvest is such a great college savings tool for families in Wisconsin.”
*Source: Savingforcollege.com, January 5, 2016.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and non-residents. A 5-Cap Ratings represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.
The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax adviser. Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.
Before investing in a 529 plan, consider whether the state where you or your Beneficiary resides has a 529 plan that offers favorable state tax benefits that are available if you invest in that state’s 529 plan.
Consider the investment objectives, risks, charges and expenses before investing in the Edvest College Savings Plan. Please visit http://www.Edvest.com for a Plan Disclosure Booklet containing this and other information. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.
The Edvest College Savings Plan is offered by the state of Wisconsin and managed by TIAA-CREF Tuition
Financing, Inc. TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Edvest College Savings Plan.