MI 529 Advisor Plan
The MI 529 Advisor Plan in Michigan offers families a unique option for saving for education expenses. Managed by TIAA-CREF Tuition Financing, Inc., this plan provides a professionally managed investment approach with personalized advice from financial advisors. It offers a variety of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. The plan stands out with its advisor-sold structure, providing families with expert guidance throughout their education savings journey. Additionally, the MI 529 Advisor Plan offers potential state tax benefits for Michigan residents, including a state income tax deduction on contributions.
EnrollState Tax Incentive
$5,000 single / $10,000 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
0.930%
Fee Range
.86%-1.51%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
43%
for MI residents
25%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for MI residents
4
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.
