CollegeBound 529

  • This season’s perfect gift

    This season’s perfect gift

    CollegeBound 529

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  • CollegeBound 529 - The power of tax-free growth

    The power of tax-free growth

    Earnings growth is deferred from federal and state income taxes.

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  • CollegeBound 529 - The power of tax-free growth

    Investing for the future

    We offer a three-tiered investment menu of professionally managed choices by Invesco.

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  • CollegeBound 529 - Ugift

    Ugift® — Give college savings

    Ugift enables others to make the gift of money into a 529 account.

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Leading the future in college savings

When our children are born, we spend a lot of time choosing the right car seats, the right strollers and the right cribs. But what about the right college savings plan?

Making that decision might seem too remote when our children are babies — or too daunting once they reach school age. But CollegeBound 529, recognized by Morningstar® as a highly rated advisor-sold 529 plan1, makes it easy to save. It's never too early — or too late — to create a legacy for the next generation.

For many investors, saving for their children's college education is a goal that's both important and intimidating. CollegeBound 529, recognized by Morningstar® as a highly rated advisor-sold 529 plan1, offers an easy way for your clients to save for college — and for you to enhance your practice.

Why choose a 529 plan?

A 529 college savings plan is a tax-advantaged program designed to help individuals and families save for college. There are important advantages for you including tax-deferred growth and no income limits. In addition, distributions for qualified education expenses are free from federal taxes, and may also be free from state taxes.2

A 529 college savings plan is a tax-advantaged program designed to help individuals and families save for college. There are important advantages for your client including tax-deferred growth and no income limits. In addition, distributions for qualified education expenses are free from federal and state income taxes.2

Learn more about 529 plans

1 ©2017 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and isn’t warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

CollegeBound 529 was awarded the Bronze Rating. The Morningstar Analyst RatingTM is a subjective evaluation performed by Morningstar’s manager research group based on five key pillars: process, performance, people, parent and price. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. The top three ratings indicate the corresponding level of analyst conviction in the ability of a 529 plan’s investment options to collectively outperform their respective benchmarks and peers through time, within the context of the level of risk taken. Gold plans are the highest-conviction recommen­dations and stand out as best of breed for their investment mandate. Silver plans are high conviction and have notable advantages across several, but not all, five pillars. Bronze plans have advantages that clearly outweigh any disadvantages across the pillars. Ratings are continuously monitored and reevaluated at least every 14 months. While these ratings can help with the selection process, they should not be the only factor used to choose the investment and do not represent guarantees, credit or risk ratings. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to http://corporate.morningstar.com/us/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf.

2 Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state, and local taxes. Rhode Island taxpayers who are account owners and contribute to CollegeBound 529 account are eligible for a deduction in computing state income tax for contributions made to CollegeBound 529 of up to $1,000 for married couples filing jointly and $500 for individual filers. Subject to certain conditions and requirements, contributions in excess of the annual limit can be carried forward and deducted in future years. If a participant makes a non-qualified withdrawal or certain transfers /rollovers to another state's program, the amount of the deduction may be "recaptured" and included in the account owner's Rhode Island income. Check with your tax advisor to see how 529 plans are treated for income tax purposes.

Why choose CollegeBound 529?

CollegeBound 529 makes it easy to save for college and other post-secondary training for a child, grandchild or other designated beneficiary.

  • A range of portfolios designed to help you reach their education savings goals
  • A range of portfolios designed to help investors reach their education savings goals
  • Investment menu with choices that are professionally managed by Invesco
  • No account minimum to get started

Learn more about CollegeBound 529

CollegeBound 529 portfolio options

CollegeBound 529 offers a three-tiered investment menu with choices that are professionally managed by Invesco, a leading global investment management firm.

  • Age-based portfolios, designed to align with the child's college enrollment year, are managed to become more conservative as that date approaches.
  • Target-risk portfolios offer equity, fixed income and capital preservation allocations calibrated to match your client's current level of risk.
  • Individual portfolios provide access to a range of building blocks across major asset classes to construct customized, well-diversified portfolios.

Learn more about portfolio options

Open a 529 account

Looking for a financial advisor?

Here are some tips to help you in your search:

  • Seek referrals from family, friends or professional associates such as your banker, lawyer or tax advisor.
  • Interview the candidates before you hire them. They will be handling your financial future, so be sure they are a good fit for you and your goals.
  • Verify the financial professional's credentials by visiting the Financial Industry Regulatory Authority at finra.org.
  • Find a financial professional that specializes in 529 plans at savingforcollege.com.

Get started today

Start planning for tomorrow's college expenses today with CollegeBound 529. It's a great way of making the goal of paying for college a reality. CollegeBound 529 offers 11 age-based portfolios, three target risk portfolios and a range of individual portfolios that allow you to build your own custom strategy.

Open an account

Open an account

To open a CollegeBound 529 account, please contact your financial advisor.