CollegeInvest Direct Portfolio College Savings Plan

The Direct Portfolio College Savings Plan in Colorado offers unique features that set it apart for families saving for education expenses. Managed by CollegeInvest, this plan allows participants to create a customized investment portfolio by selecting individual funds from a wide range of options. This flexibility enables investors to tailor their portfolios based on their risk tolerance and investment preferences. Additionally, the plan offers a high maximum contribution limit of up to $500,000 per beneficiary, providing families with ample opportunity to save for education costs. Moreover, the Direct Portfolio College Savings Plan provides potential state tax benefits for Colorado taxpayers, including a state income tax deduction on contributions.

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State Tax Incentive

$20,700 single / $31,000 joint beneficiary

Program Manager

Ascensus

Investment Manager(s)

Vanguard

Plan type

Direct

Investments

Guided Investments

age-based

ESG Investments

Yes

Avg. expense fee

0.290%

Fee Range

0.20%-0.40%

Ratings

Backer Rating

Our rating is based on fees and tax savings advantages.

71%

for CO residents

45%

non-residents

Saving For College

Unbiased, independent resource for parents.

5

for CO residents

4

non-residents

Morningstar Rating

Once a year, the financial services firm Morningstar releases its 529 ratings.

Bronze

Other

Connect with Mint.com

Track your finances in one place.

Yes

Connect with Backer

Full end to end enrollment, gifting and plan management.

Enrollment

Mobile app

Backer App covers this plan.

Yes

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General Recommendation

This is a direct sold 529 plan, rated as bronze by Morningstar.