If you were to design the ideal college savings plan for your children, it would probably have a combination of flexible contribution rules, tax advantages for you and other donors, the ability to control the assets and even transfer them to other children, and the right to use it for a variety of education expenses at any type of school. All of these benefits exist in 529 Plans like IAdvisor, for Iowa residents only.
- Can be used for tuition, room & board, books, fees and supplies at almost any two- or four-year college, technical, vocational or graduate school in the U.S.
- Flexible contribution limits
- Anyone can contribute
- Federally tax-exempt growth and earnings
- Account structure allows for joint ownership and owner(s) retains access and control
- Three ways to invest using world-class managers
- Special gifting rules allows higher funding opportunities
Parents, Grandparents, and Guardians with college-bound children (Iowa residents only)
No time, age, or income limits for contributions. Earnings and withdrawals are federally (and in most cases state) tax-free if used for qualified higher education expenses1
This material is provided for general and educational purposes only; and is not intended to provide legal, tax or investment advice. All investments are subject to risk. We recommend that you consult an independent legal or financial advisor for specific advice about your individual situation. The IAdvisor 529 Plan is offered by the Iowa Educational Savings Plan Trust, a trust organized under Iowa law and administered by the Iowa State Treasurer’s Office. The Treasurer of the State of Iowa is responsible for overseeing the administration of the IAdvisor 529 Plan.
The Options in the IAdvisor 529 Plan are not mutual funds, although they invest in mutual funds. An investment in the IAdvisor 529 Plan is an investment in municipal securities and the value of the Options will vary depending on the value of the underlying funds in which the Options invest. Investment returns are not guaranteed and you could lose money by investing in the IAdvisor 529 Plan.
These securities are not registered with the U.S. Securities and Exchange Commission (“SEC”) or any state, nor is the IAdvisor 529 Plan or any of the IAdvisor 529 Plan Options registered as an investment company with the SEC or any state.
If you are not an Iowa taxpayer, consider before investing whether your or the beneficiary’s home state offers a 529 plan with favorable state tax or other benefits that may only be available through investments in that state’s 529 plan and which are not available through investment in the IAdvisor 529 Plan. Non-qualified withdrawals may be subject to federal and state taxes and an additional federal 10% tax. The tax information 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 advisor.
An investor should consider the investment objectives, risks, charges and expenses associated with the IAdvisor 529 Plan before investing. More information about the IAdvisor 529 Plan is available in the Program Description. You may obtain a Program Description at www.IAdvisor529.com or by calling 800-774-5127. The Program Description should be read carefully before investing.
Securities offered through Voya Financial Advisors, Inc. member SIPC.
Neither Voya nor its affiliated companies provide tax or legal advice. Please consult with your tax and legal advisors regarding your individual situation.
1 If withdrawals are used for purposes other than higher education, the earnings will be subject to federal income tax and possibly a 10% federal tax penalty.