Putnam 529 for America
The Putnam 529 for America is a 529 plan offered in Nevada that aims to help families save for higher education expenses. One unique aspect of this plan is its partnership with Putnam Investments, a well-established investment management company, which provides a range of investment options. Account holders can choose from a variety of investment portfolios, including age-based options and individual fund choices, allowing them to tailor their investments to their specific needs and preferences. The plan offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, Nevada residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential.
EnrollState Tax Incentive
No state income tax
Program Manager
Ascensus
Investment Manager(s)
Putnum, MFS, Principal
Plan type
Advisor
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.650%
Fee Range
0.57%-0.77%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
25%
for NV residents
25%
non-residents
Saving For College
Unbiased, independent resource for parents.
4
for NV 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.
