ScholarShare College Savings Plan

The ScholarShare 529 plan, available in California, offers unique features that make it an appealing option for families saving for education expenses. Managed by TIAA-CREF Tuition Financing, Inc., this plan provides a wide range of investment options, including age-based portfolios and individual fund choices, allowing for customized investment strategies. One standout aspect of the plan is its socially responsible investment options, offering portfolios that align with environmental, social, and governance (ESG) principles. Additionally, the ScholarShare 529 plan allows for generous contributions of up to $529,000 per beneficiary, providing families with the opportunity to save a significant amount for education. Lastly, the plan offers potential state tax benefits for California taxpayers, including income tax deductions, further incentivizing participation in the program.