Category Archives: Edvest News

‘Tis the Season to Save for College!

Artfully wrapped presents not your forte? Don’t have time to wait in the cold to grab the best deals? Looking to give a gift that outlives the latest fad? Edvest has you covered this holiday season with the gift of higher education.

Whether you’re ahead of the gifting game, or picking up a last-minute gift on Dec. 25, Edvest makes it easy with these simple options:

eGift

Invite friends and family to eGift securely, online to a child’s Edvest account. Non-expiring gifting codes are generated and can be shared via email and social media accounts. Friends and family can reuse the code as often as they like, making repeat contributions even easier.

Mail it in

If you’re looking to make a one-time gift to an existing 529 account, you can complete the simple gift deposit form and mail it with the contribution.

Gift Cards

Edvest offers gift cards available for online purchase. With denominations ranging from $25 to $300, gifts can be sent to your budding scholar via email, text message or as a physical card. Gift cards have no expiration date for redeeming the funds.

The gift that keeps on giving

Beyond giving your child a head start when it comes to saving for college, when you open an Edvest account you’ll enjoy some tax advantages too…and so will your relatives or anyone else contributing to the account.

Wisconsin residents, regardless of their relationship to a child, can reduce their state taxable income by up to $3,140 per beneficiary per year. Plus, Edvest investment earnings grow tax-deferred and are tax-free at both the state and federal level when used to pay for qualified college expenses.

Give the gift of education today at Edvest.com or call an Edvest college savings specialist at (888) 338-3789.

To learn more about the Wisconsin 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 funds aren’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 such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

Morningstar gives Edvest high marks

Edvest is a solid choice for Wisconsin families interested in saving money for college. That’s according to recent rankings by Morningstar, Inc.™1

Low costs lead to high ranking

In their most recent review, independent investment research and management firm Morningstar has once again awarded Edvest a Bronze rating. It’s one of just 34 529 plans nationwide to earn the best-in-class ranking. According to their analysis, “While other states may offer a similarly wide-ranging lineup of attractive investments, few do so at prices as competitive as this plan’s.”

Edvest offers low fees, and a low minimum contribution of just $25. Edvest has no application, annual account maintenance, cancellation, change in beneficiary, or change in investment portfolio fees. Low fees means more money can be saved for higher education costs.

Tax benefits boost appeal

Along with the variety of investment options, Morningstar cited Edvest’s tax benefits for Wisconsin residents as a clear advantage for families looking for a quality college savings plan. “Wisconsin residents in particular, who can deduct up to $3,140 per beneficiary from their taxable state income, should look no further. The plan also holds appeal for nonresidents interested in a combination of active and passive management.”

Positive track record continues

Along with positive marks for low costs and benefits to account owners, Edvest also ranked high when it comes to performance. In their review of 48 direct-sold plans, which looked at performance over three years, SavingForCollege.com placed Edvest in the top 15.2

Learn more about the plan, and open an account for your child, at Edvest.com.

 

1 In an annual review (10/24/2017) of the largest 529 college-savings plans (62 total), Morningstar identified 34 plans that rose above their typical peers, awarding those plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2017. These forward-looking, qualitative ratings signal Morningstar’s conviction in the plans’ abilities to outperform their relevant benchmark and peer groups on a risk-adjusted basis over the long term. Morningstar evaluates college-savings plans based on five key pillars – Process, Performance, People, Parent, and Price. For more information about Morningstar’s overview of Edvest go to 529.morningstar.com/edvest. Past performance does not predict future results. Source: morningstar.com/news

Source: 2017 three-year top performing direct plans Q2, August 28, 2017 Edvest ranking is based on a performance score calculated by investment performance for 48 direct-sold 529 plans. Learn more at Savingforcollege.com. 

Celebrating 20 Years of College Savings

Edvest, Wisconsin’s 529 College Saving Plan, is excited to celebrate 20 years of helping families save for the cost of higher education. Founded in 1997, Edvest has evolved from a prepaid tuition unit college savings account into one of the nation’s top 529 college savings plans with more than 161,000 accounts, averaging more than $17,300 in college savings.

While a lot has changed over the years, one thing that hasn’t is Edvest’s commitment to making saving for college easier and more affordable for Wisconsin families.

“For 20 years we’ve been committed to helping families save for college,” said Jessica Fandrich, officer for the State of Wisconsin 529 College Savings Program, DOA. “As the needs of Wisconsin families grow and change, Edvest will continue to be here for them to offer guidance, and a simple way to save for higher education.”

As you consider the importance of saving for college, here are a few things know:

Average debt – The total U.S. student loan debt is $1.44 trillion; the average Wisconsin student loan debt for the class of 2015 is $29,460, with an average monthly payment of $351.

Tuition is up – The average cost of tuition and fees has risen dramatically in Wisconsin over the last 20 years.

  • 1997:   $1,943 (public), $11,868 (private)
  • 2007:   $4,476 (public), $20,313 (private)
  • 2017:   $6,494 (public), $30,822 (private)

Don’t forget about dorms – Tuition isn’t the only thing families need to save for. Room and board costs are part of the equation too.

  • 1997:   $4,259 (public), $5,541 (private)
  • 2007:   $6,932 (public), $8,394 (private)
  • 2017:   $6,887 (public), $10,089 (private)

Books, pizza, phones, cars, (and more pizza) – In addition to room and board, students need to consider the cost of books and other needed supplies. Over the last two decades, the cost of textbooks has grown at nearly three times the rate of inflation. Transportation costs can add up to $1,287.50 per year by some estimates. Add in incidental costs like phone bills, a movie out with friends, or ordering dinner in occasionally, and that’s another estimated $2,035 per year to account for.

Edvest funds may be used for qualified higher education expenses, which include tuition, certain room and board expenses, fees, and the cost of books, supplies, and required equipment. Computers, tablets and related technology, such as internet access fees, software or printers, are also considered qualified education expenses.

Saving matters – Teens who have a savings account in their name are six times more likely to attend college than those without savings. Low and moderate-income kids that have a college savings plan are three times more likely to attend college and four times more likely to graduate.

Edvest makes it easy – With a variety of investment choices, including the popular age-based options, Edvest’s low fees, combined with tax advantages for qualified Wisconsin residents, makes it easy and effective for more families to save for college. Edvest offers great ways to gift, including a secure eGift option and gift cards. Funds saved through Edvest can be used at colleges, technical colleges, and grad schools nationwide and abroad on fees, books, room and board, computers/tablets or other qualified expenses – not just tuition.

SavingforCollege.com recently ranked Edvest as one of the Top 15 in 3-year 529 Performance and awarded the program a 5-Cap Rating, which indicates that a 529 plan offers outstanding flexibility, attractive investments and additional economic benefits. Edvest also received a bronze rating from Morningstar Inc., and was ranked as the 529 plan with the sixth lowest fees in the nation (out of 51 direct-sold 529 plans) by Strategic Insight.

For more information or to open an Edvest account today, please visit Edvest.com. Edvest’s college savings specialists are also available Monday through Friday 7 a.m. – 7 p.m. toll-free at 1.888.338.3789.

Edvest, Wisconsin’s College Savings Plan, Renews Plan Manager Through 2020

MADISON, Wis. (July 26, 2017) – Edvest, Wisconsin’s direct-sold 529 college savings plan will continue with plan manager TIAA-CREF Tuition Financing, Inc. (TFI) through October of 2020. The state of Wisconsin renewed the contract for a three-year term. A leader in 529 college savings plan management, TFI first partnered with Edvest and the State of Wisconsin in October of 2012 and continues to support the plan’s growth and dedication to helping families save for the rising costs of higher education. Tomorrow’s Scholar, Wisconsin’s advisor-sold 529 plan, was also renewed for a three-year term. TFI sub-contracts plan management to Voya Investment Management.

Notable Edvest developments include:

  • Reduced fees. Edvest is even more affordable for families saving for college with reduced annual asset-based fees, including no sales commissions, no annual maintenance fee and no application fee. The total plan fees now range from 0.00% to 0.43% depending on the portfolio selected. Edvest ranks as the sixth lowest cost direct-sold 529 plan in the U.S. according to Strategic Insights 529 College Savings Quarterly Fee Analysis, Second Quarter 2017.
  • A variety of investment options. Edvest’s investment choices now number 17 and include age-based options that automatically adjust to a more conservative risk level as the beneficiary gets older. To see a complete list of investment options, visit Edvest.com.
  • Enhanced mobile access and social media presence. Edvest launched a redesigned website accessible from mobile devices with helpful planning tools and increased the plan’s social media presence, which offers followers Plan update and reminders, relevant college savings tips and The Buzz, Edvest’s blog.
  • Easy ways to contribute and gift. Edvest makes is easy to gift with a variety of simple and secure ways to contribute to accounts, including the online eGift option and new Edvest gift cards, available in physical, email and mobile options.

In addition to ongoing plan improvements and growth, Edvest continues to offer several key savings advantages for Wisconsin families:

  • State and federal tax advantages. Contributions to Edvest can reduce the taxable income of Wisconsin residents up to $3,140 per beneficiary per year. If contributions are greater than the maximum state tax benefit, you may carry forward the balance until exhausted. All account earnings are tax free at the state and federal level when used for qualified education expenses. Some limitations may apply. Please see the Disclosure Booklet for more details.
  • Family and friends may contribute. Parents, grandparents, and other relatives and friends living in any state across the country can open and/or contribute to a beneficiary’s account. Wisconsin residents may also be eligible for state tax benefits.
  • Use at any eligible institution for a variety of qualified expenses. Edvest funds can be used for tuition and other qualified expenses such as room and board, books, computers, tablets and internet access at universities, colleges, technical colleges, graduate schools and professional schools across the country and many schools abroad.

Edvest continues to expand with more than $2.81 billion in assets, 161,356 accounts and growth in all of Wisconsin’s 72 counties in 2017.

SavingforCollege.com recently ranked Edvest as one of the Top 10 in 529 Performance and awarded the program a 5-Cap Rating1, which indicates that a 529 plan offers outstanding flexibility, attractive investments and additional economic benefits. Edvest also received a bronze rating from Morningstar Inc.2, and was ranked as the 529 plan with the fourth lowest fees in the nation by Strategic Insight3.

For more information or to open an Edvest account today, please visit Edvest.com. Edvest’s college savings specialists are also available Monday through Friday 7 a.m. – 7 p.m. toll-free at 1.888.338.3789.

  • State and federal tax advantages. Contributions to Edvest can reduce the taxable income of Wisconsin residents up to $3,140 per beneficiary per year. If contributions are greater than the maximum state tax benefit, you may carry forward the balance until exhausted. All account earnings are tax free at the state and federal level when used for qualified education expenses. Some limitations may apply. Please see the Disclosure Booklet for more details.
  • Family and friends may contribute. Parents, grandparents, and other relatives and friends living in any state across the country can open and/or contribute to a beneficiary’s account. Wisconsin residents may also be eligible for state tax benefits.
  • Use at any eligible institution for a variety of qualified expenses. Edvest funds can be used for tuition and other qualified expenses such as room and board, books, computers, tablets and internet access at universities, colleges, technical colleges, graduate schools and professional schools across the country and many schools abroad.

Edvest continues to expand with more than $2.81 billion in assets, 161,356 accounts and growth in all of Wisconsin’s 72 counties in 2017.

SavingforCollege.com recently ranked Edvest as one of the Top 10 in 529 Performance and awarded the program a 5-Cap Rating1, which indicates that a 529 plan offers outstanding flexibility, attractive investments and additional economic benefits. Edvest also received a bronze rating from Morningstar Inc.2, and was ranked as the 529 plan with the fourth lowest fees in the nation by Strategic Insight3.

For more information or to open an Edvest account today, please visit Edvest.com. Edvest’s college savings specialists are also available Monday through Friday 7 a.m. – 7 p.m. toll-free at 1.888.338.3789.

About Edvest

Edvest is Wisconsin’s 529 College Savings Plan designed to help families save for higher education expenses. Account owners can choose from 17 investment portfolios, enjoy one of the lowest cost 529 plans in the U.S., and take advantage of in-state tax benefits for Wisconsin residents.

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Did you know? Edvest has a 5-Cap Rating!

Edvest College Savings Plan is happy to announce that it has received SavingforCollege.com’s 5-Cap Rating for Wisconsin residents for the fourth consecutive year! Edvest offers attractive plan features such as a Wisconsin state tax deduction of up to $3,140 per beneficiary, a wide range of investment choices as well as little to no fees, including no sales commissions, no annual maintenance fee, and no application fee. Edvest also received a 4.5-Cap Rating for non-Wisconsin residents.

“We’re excited to maintain our 5-Cap Rating from SavingforCollege.com,” said Jessica Fandrich, Officer for Wisconsin’s 529 College Saving Plan. “Wisconsin families are counting on Edvest to help make their college and technical college dreams a reality and we are committed to offering a plan our account holders can count on year-after-year.”

529 plan like Edvest provide outstanding flexibility, attractive investments as well as additional economic benefits, such as state tax benefits. Only 17 college savings plans nationwide received the top rating.

*Source: Savingforcollege.com, July 12, 2017.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for 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.

Wisconsin’s College Savings Program turns 20!

Using 529 plans makes saving for college easier and more affordable for families. But, did you know the option wasn’t always available?

Congress created the state plans in 1996 by writing a section of IRS tax code – section 529 – that allowed states to offer the option to families. On July 7, 1997, Wisconsin opened its first prepaid Tuition Unit college savings accounts, pre-cursor to the popular Edvest (direct-sold) and Tomorrow’s Scholar (advisor-sold) plans.

Over the last 20 years, the Wisconsin College Savings Program has helped thousands of families save for their child’s higher education expenses. Edvest and Tomorrow’s Scholar have grown to more than $4.4 billion in assets and over 200,000 accounts. More than $3 billion has been distributed over the years to pay for college expenses—dollars that did not have to be borrowed in the form of student loans.

20 Years of Connecting with People

Edvest, Wisconsin’s direct-sold college savings plan isn’t the same program it was 20 years ago – and that’s great! As the needs of families change, Edvest is committed to changing along with them offering lower costs, a wider selection of investment options and digital access to your accounts and Plan news.

Today, Edvest ranks as the fifth lowest-fee 529 plan in the nation1 and decreased fees by more than 60% in October 2012. Age-based investments are now offered, which automatically shift from an aggressive to a conservative mix as a child ages.  And Wisconsin’s state tax benefit for Edvest and Tomorrow’s Scholar is now linked to an inflation calculation and includes a carry-forward provision.

Families can now log on to Edvest.com to open or manage their account across multiple devices virtually anywhere. It’s easy for everyone to stay connected with Edvest through social media, a phone call, or at in-person events and appearances throughout the state (Wisconsin Farm Technology Days is coming up in Kewaunee County, July 11 to 13 – will we see you there?).

20 Years of Excellence

In 2016, Edvest again received a 5-Cap Rating2 for in-state residents by SavingForCollege.com – the highest rating given by the organization – for its overall attractiveness to investors. Edvest has also maintained a Bronze Rating3 by Morningstar in the organization’s annual review of 529 plans.

We know Wisconsin families are counting on us to help their little ones’ dreams come true. That’s why we worked hard over the last 20 years to be a plan you can count on, and why we will keep working hard at that for the next 20 years and beyond.

 

1The Strategic Insight 529 College Savings Quarterly Fee Analysis (Q1 2017) is based on program descriptions and participating agreement documents gathered by a third-party research firm and analyzed by Strategic Insight. As part of the process, Strategic Insight analyzes the 529 program manager and state agency disclosure statements, press releases and organization websites to ensure data quality and categorization. The average minimum, maximum and total annual asset based fees at the plan levels are calculated via an un-weighted index average, or arithmetic mean method.

2Source: Savingforcollege.com, January 5, 2016. The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 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 for 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. Past performance does not guarantee future results.

3Source: http://news/morningstar.com. In an annual review (10/25/2016) of the largest 529 college-savings plans (63 total), Morningstar identified 33 plans that rose above their typical peers, awarding those plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2016. These forward-looking, qualitative ratings signal Morningstar’s conviction in the plans’ abilities to outperform their relevant benchmark and peer groups on a risk-adjusted basis over the long term. Morningstar evaluates college-savings plans based on five key pillars–Process, Performance, People, Parent, and Price. For more information about Morningstar’s overview of Edvest go to 529.morningstar.com. Past performance does not predict future results.

To learn more about the Wisconsin 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 seek 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.

All social media platforms are managed by the State of Wisconsin.

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.

All social media platforms are managed by the State of Wisconsin.

 

 

 

Save More for College with Edvest

Good news for Wisconsin families! The Edvest 529 College Savings Plan’s Wisconsin tax benefit has been raised to $3,140 for each future student!  The increase also applies to Tomorrow’s Scholar, Wisconsin’s financial advisor-sold 529 college savings plan.

What This Means for You

Simply put, Edvest account holders may enjoy significant tax benefits while preparing for the cost of higher education.

Wisconsin residents, regardless of their relationship to a child, may reduce their state taxable income by up to $3,140 for each future student per year ($1,570 for divorced parents). Meaning that if you have accounts for two of your children or grandchildren, you may be eligible for a state tax deduction of up to $6,280. Three accounts…$9,420 and so on.

Plus, any earnings on your Edvest account are tax-free at both the state and federal level when used to pay for qualified college expenses.

Carry Forward for Future Tax Benefits

Are you rolling over balances from another 529 plan or plan to make a contribution from savings, inheritance or bonus? If your contributions are greater than the maximum state tax benefit of $3,140, you may carry forward the balance until exhausted.

Super Fund!

You might find you want to make a larger gift but you’re hesitant to commit. What will it mean for you during tax time? What are the implications to your estate? First, speak with your financial planner, tax attorney or estate planning attorney. Then consider giving the gift of higher education to the child in your life! There’s no federal gift tax on contributions up to $14,000 per year for single filers and $28,000 for married filers.

You can even accelerate that gift in one year by gifting amounts up to $70,000 for single filers and up to $140,000 for married filers if pro-rated over 5 years. This means you could make a one-time gift equivalent to the 5-year amount and it could all qualify for the federal gift tax exclusion. Consult your tax advisor.

Why Save with Edvest?

SavingforCollege.com recently ranked the Edvest College Savings Plan as one of the Top 10 Performing 529 College Savings Plan and previously awarded the program a 5-Cap Rating for the Plan’s flexibility, attractive investments and additional economic benefits.*

Preparing for the cost of higher education with Edvest can make a difference. Your Edvest funds may be used at colleges, technical schools and grad schools nationwide and many schools abroad. Pay for tuition, room & board, books, computer/tablets and internet access, and other qualified expenses. To learn more, visit Edvest.com or speak to an Edvest College Savings Specialist Monday through Friday from 7 am to 7 pm at 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 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.

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 seek 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.

All social media platforms are managed by the State of Wisconsin.