Invest529
Invest529 is a 529 college savings plan offered by Virginia that offers unique features for families saving for higher education. One standout aspect of this plan is the wide range of investment options available, including age-based portfolios and individual fund choices managed by reputable investment firms. Invest529 also allows for tax-free growth and withdrawals when funds are used for qualified education expenses. Additionally, the plan offers a unique rewards program called "Match+," where families can earn cash back on eligible purchases that can be directly deposited into their Invest529 accounts. This program provides an innovative way to boost college savings through everyday spending. Overall, Invest529 provides Virginia residents with a flexible and rewarding savings plan for their educational goals.
EnrollState Tax Incentive
$4,000; fully deductible if 70 or older for individual and joint accounts
Program Manager
Virginia529 Board
Investment Manager(s)
Vanguard, DFA, UBS, American Funds, PGIM
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
Yes
Avg. expense fee
0.263%
Fee Range
0.02%-0.569%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
73%
for VA residents
55%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for VA residents
4.5
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
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
Plan in the news?
Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.
