Smart Choice College Savings Plan

The Smart Choice College Savings Plan in Colorado offers unique features that make it an attractive option for families saving for education expenses. Managed by the CollegeInvest organization, this plan provides a simple and straightforward investment approach with a single age-based portfolio option. It stands out with its Socially Responsible Investment (SRI) options, allowing investors to align their values with their investments. Additionally, the plan offers a high maximum contribution limit of up to $500,000 per beneficiary, providing ample opportunity for substantial savings. Lastly, the Smart Choice College Savings Plan provides potential state tax benefits, including a state income tax deduction on contributions, incentivizing residents to participate in the plan.