Three Reasons Edvest is the Perfect Grad Gift

Whether your child is graduating kindergarten or eighth grade, now is the time to start saving for college. Help your future graduate be ready for the cost of higher education by opening or contributing to an Edvest 529 College Savings Plan account today.

Here are three great reasons why Edvest makes the perfect gift for any grad:

Reason #1: State and Federal Tax Benefits

Any earnings on your Edvest account are state and federal tax-free when used to pay for qualified college expenses. Wisconsin also offers a tax benefit for state residents who contribute to an Edvest account, which was recently raised to $3,140 per beneficiary!

Reason #2: Easy to open, easy to maintain

Opening an Edvest account is easy; all you need is 15 minutes, the beneficiary’s social security number and birth date. Log in securely to view account activity, invite friends and family to eGift, and perform updates as needed.

Reason #3: So many ways to use Edvest funds

Funds saved through Edvest can be used at colleges, technical schools, and grad schools nationwide and abroad on books, room and board, computers/tablets or other qualified expenses – not just tuition.

Giving the Gift of Education

Family and friends can help you save for college by gifting to a child’s Edvest account this graduation season. With a variety of easy options, it’s never been easier to contribute!

Convenient giving options include:

  • Open and fund an Edvest account
  • Gift by check or electronic transfer from a bank account
  • Invite family & friends to eGift securely, online
  • Purchase an Edvest gift card at Edvest.com

Why Edvest?

In addition to the benefits listed above, SavingforCollege.com recently ranked Edvest as one of the Top 10 529 plans for investment performance and awarded the program a 5-Cap Rating*, which indicates that a 529 plan offers outstanding flexibility, attractive investments, and additional economic benefits.

To learn more, visit Edvest.com or call 1-888-338-3789.

*Source: Savingforcollege.com, December 1, 2016.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for non-residents. A 5-Cap Rating 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.

To learn more about the Wisconsin’s College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the money isn’t used for qualified higher-education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.  Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.

Taxpayers should eek advice from an independent tax advisor based on their own particular circumstances.

Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content found on any external website links contained herein.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

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