New York‚ 529 Advisor-Guided College Savings Program

The New York 529 Advisor-Guided College Savings Plan is a 529 plan available in New York that offers families a personalized approach to saving for higher education expenses. One unique aspect of this plan is its advisor-guided structure, which means individuals can work with a financial advisor who can provide personalized investment advice and guidance. The plan offers a range of investment options, including age-based portfolios and individual fund options, allowing account holders to tailor their investment strategy. It offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, New York residents may be eligible for a state income tax deduction for contributions made to the plan, maximizing the savings potential.