SSGA Upromise 529 Plan

The SSGA Upromise 529 Plan is a 529 plan available in Nevada that helps families save for future education expenses. One unique aspect of this plan is its affiliation with Upromise, a rewards program that allows account holders to earn cash back on eligible purchases that can be directly deposited into their 529 plan. The plan offers a range of investment options, including age-based portfolios and individual fund options, allowing account holders to customize their investment strategy. It provides tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Nevada residents may also be eligible for a state income tax deduction for contributions made to the plan, maximizing savings potential.