Alaska 529

The Alaska 529 plan, available to residents of Alaska, offers several unique features to help families save for education expenses. Managed by T. Rowe Price, this plan stands out with its Alaska Performance Scholarship eligibility, allowing account holders to potentially qualify for state-funded scholarships. The plan offers a variety of investment options, including age-based portfolios and individual fund choices, allowing for flexibility based on risk tolerance and investment goals. Additionally, the Alaska 529 plan allows contributions of up to $424,000 per beneficiary, providing a high maximum limit for families who want to save more. Lastly, the plan offers potential state tax benefits, including tax deductions for Alaska taxpayers, providing additional incentives to participate in the program.