Scholars Choice College Savings Program (Advisor-Sold)
The Scholar's Choice Education Savings Plan in Colorado offers unique features designed to assist families in saving for education expenses. Managed by Legg Mason Global Asset Allocation, this plan provides a broad range of investment options, including actively managed portfolios and index funds, allowing for customized investment strategies. One standout aspect of the plan is the availability of an FDIC-insured option, providing a conservative and secure investment choice. Additionally, the Scholar's Choice Education Savings Plan allows for contributions of up to $500,000 per beneficiary, providing families with flexibility in saving for educational needs. Lastly, the plan offers potential state tax benefits for Colorado residents, including a state income tax deduction on contributions, further enhancing its appeal.
EnrollState Tax Incentive
$20,700 single / $31,000 joint beneficiary
Program Manager
TIAA-CREF Tuition Financing, Inc
Investment Manager(s)
TIAA
Plan type
Advisor
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.890%
Fee Range
0.79%-0.99%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
51%
for CO residents
25%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for CO residents
4.5
non-residents
Other
Connect with Mint.com
Track your finances in one place.
No
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
No
General Recommendation
This is an advisor sold 529 plan, not rated by Morningstar.
