college savings made simple

Edvest.com | 888-338-3789

What is IT?Saving for college is one of the most important things a parent

will do for their child. Whether they want to go to medical

school, become a teacher or learn digital animation, you can

help make it happen with Edvest, Wisconsin’s 529 College

Savings Plan.

Similar to the way your 401k retirement plan works,

Edvest makes saving for higher education costs simple

and a�ordable thanks to small minimum contributions,

low fees and added tax benefits.

How it WorksStarting to save for higher education with an Edvest

account only takes three simple steps:

1. Open an account at Edvest.com

2. Choose your investment portfolio

3. Contribute to your account regularly

That’s it.

Any earnings you acquire have the opportunity to grow

tax-free. Wisconsin residents who contribute to an account

may be eligible for a Wisconsin State tax deduction of up

to $3,340 per benefi ciary per year. *Limitations apply.

When used for qualified expenses, you can withdraw funds

free from state and federal taxes, as well.

• Anyone, not just a child’s parents, may open or contribute to an Edvest account – even out-of-state family and friends.

• Wisconsin residents may be eligible for a state tax deduction of up to $3,340 per beneficiary per year. Limitations apply.*

• Edvest funds may be used at universities, colleges, technical schools, graduate and professional schools, as well as manycertificate programs.

• Funds may be used at schools across the country and even some abroad.

• Use funds for tuition, books, room & board, computers, tablets, and other expenses.

• Contribute whenever you want, at whatever amount you want, starting at $25.

• Build savings by regularly contributing automatically through your bank account or payroll direct deposit.

• Opening an account just takes about 15 minutes at Edvest.com

welcome to edvest

Fast Facts

edvest.com

Edvest.com | 888.338.3789

Gifting Edvest Saving for a big goal like college can feel overwhelming. The good news is

you don’t have to do it alone. Family and friends can help by gifting to a child’s

Edvest account. It’s perfect for birthdays, graduations, holidays, welcoming

a new baby, or just because.

Convenient giving options include:

Edvest Ugift | Mail a Gift | Open an account | Edvest Gift Cards

If the family members and friends who gift are Wisconsin residents,

they may be eligible for state tax benefi ts, too.

Learn more at: Edvest.com/gift

Savings Add UpWhen you save with Edvest, any interest earned on your account may grow free from state and federal

taxes. Conversely, if you borrow funds to pay for college, interest on the loan increases the amount you

need to repay.

Start Early to Save MoreTime is one of your most valuable assets

when it comes to saving for college. The

sooner you start, the more you can save.

But don’t worry – it’s never too late to

start. Even if you start saving when your

child is in middle or high school, having

some money set aside can help reduce

their need to borrow.

Get Started Open your Edvest account anytime

at Edvest.com with just $25, or call

1-888-338-3789. Make sure you

have this information handy for

you and your benefi ciary:

• Social Security Number

• Date of Birth

• Home Address

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

The Advantages of Starting Early ($100 Monthly Investment)

STARTING AGE Newborn

$22,900

$5,000

$59,240

Age 6

$14,500

$5,000

$31,374

Age 12

$7,300

$5,000

$15,844

Initial Contribution

Subsequent Contribution

Earnings

* This chart assumes a $5,000 lump sum investment, a $100 monthlyinvestment and 6% annual rate of return. The calculations are for illustrative purposes only, and the results are not indicative of the performance of any investments. The calculations do not refl ect any plan fees or charges that may apply. If such fees or charges were taken into account, returns would have been lower. With any long-term investment, investment return may vary. Such automatic investment plans do not assure a profi t or protect against losses in declining markets.

Call 888-338-3789 to speak to a college savings specialist.Edvest.com

Edvest Q&A:1. Can I change the recipient?

Yes! As long as the future student is an eligible member of the same family you can change benefi ciaries or transfer funds to a di� erent recipient.

2. What if my child doesn’t go to college right away?You have options:

• Keep the funds in your account and use them when your child decides to go to college. There’s no time limit on using the money so even your grandchildren can use the account!

• Change the benefi ciary to another eligible family member. Be sure to check with your tax advisor.

• Make a non-qualifi ed withdrawal. Any earnings will be subject to federal income tax, state income tax, and the 10% federal tax penalty.

3. How will Edvest funds a� ect fi nancial aid?• If a parent is the account owner, the assets will be

treated as belonging to the parent for federal fi nancial aid purposes.

• If a dependent child is the account owner, assets are treated as a student asset for fi nancial aid purposes (only a� ects Edvest accounts opened as custodial accounts under UGMA/UTMA).

• Financial aid policies vary by institution, so check with your chosen school directly for more information.

4. What if my child gets a scholarship?If the child receives a scholarship that covers the cost of qualifi ed higher education expenses, you can withdraw up to the scholarship amount free from the 10% additional federal tax. The earnings portion of the withdrawal is subject to federal and state income tax.

5. If I move out of state what happens with my account?You can keep your money in your Edvest account and continue to contribute to it. Before you invest in another plan, consider whether the state in which you or your benefi ciary reside has a 529 plan with favorable tax or other benefi ts.

6. I have another 529 plan. Can I roll it into an Edvest account?Yes. You can transfer funds for the same benefi ciary every twelve months without triggering tax consequences. Your rollover contribution may be eligible to reduce state taxable income for the current year and beyond. Limitations apply.* Check with your tax advisor or your other 529 plan provider for information before you request a rollover.

7. How do I make withdrawals?You can withdraw funds by mail or by calling Edvest at 888-338-3789. If you do not withdraw online, you will need to request a Withdrawal Request Form.

8. Can I deposit into an Edvest account from my paycheck?Yes! You may enroll online or learn more at Edvest.com.

9. Can I use Edvest to pay for K-12 tuition? Up to $10,000 annually can be used toward tuition in connection with enrollment or attendance at K-12 public, private and religious schools per student from all 529 plans. State tax treatment of withdrawals for K-12 tuition expense is determined by the state where you fi le state income tax. If you are not a Wisconsin taxpayer, please consult with a tax advisor.

10. Can Grandparents open Edvest accounts?Grandparents may either open and fund their own Edvest accounts or make gift contributions into existing Edvest accounts. If they are Wisconsin taxpayers, they may be eligible for the state tax deduction. *Limitations apply. Your grandchildren do not need to reside in Wisconsin and can attend college or technical college throughout the U.S. and abroad. Consult a tax advisor about the estate tax planning benefi ts of 529 plan contributions.

*Limitations apply. To learn more about the Wisconsin College Savings Plan, its investment objectives, tax benefi ts, risks, and costs please see the Plan Description at Edvest.com. Read it carefully.

Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the funds aren’t used for qualifi ed higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

Check with your home state to learn if it o� ers tax or other benefi ts such as fi nancial aid, scholarship funds or protection from creditors for investing in its own 529 plan. Consult your legal or tax professional for tax advice.

TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

1046441 A40081:03/20

edvest at work Parents appreciate anything that can make saving for their child’s future simple and a� ordable.

That’s why we’re pleased to share that Edvest is now available as an employee benefi t to help

employees save. Add Edvest to your company’s fi nancial wellness program at no charge to your

organization. Learn more, and access free resources for HR professionals at Edvest.com/benefi t.

edvest at work edvest at work