Schwab 529 College Savings Plan
The Schwab 529 College Savings Plan in Kansas offers unique features for families saving for education expenses. Managed by Charles Schwab Investment Management, this plan provides a range of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. It stands out with its low expenses, making it a cost-effective option for investors. The plan also offers potential state tax benefits for Kansas residents, including a state income tax deduction on contributions. Moreover, the Schwab 529 College Savings Plan provides convenient online account management and a user-friendly platform, making it easy for account holders to monitor and manage their investments.
EnrollState Tax Incentive
$3,000 single / $6,000 joint beneficiary (any state plan), above the line exclusion from income
Program Manager
American Century Investment Management, Inc.
Investment Manager(s)
Schwab
Plan type
Direct
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.560%
Fee Range
0.20%-0.86%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
45%
for KS residents
45%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for KS 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.
Yes
General Recommendation
This is a direct sold 529 plan, rated as neutral by Morningstar.
