Education savings options tool

Assumptions and limitations

This tool is intended to help you choose an appropriate education savings option. You are under no obligation to accept the suggestions provided by this tool.

Matches are based on your responses and are weighted by levels of importance assigned by you. This tool has incorporated current tax laws, and we make no assertion or prediction as to how future federal and state tax law changes will impact your overall financial situation. As tax laws change, we suggest you review the appropriateness of your investment selections. There is no guarantee that any particular investment will meet your objectives. All investments involve risks, and fluctuations in the financial markets and other factors may cause declines in the value of your account.

This tool does not provide comprehensive investment or financial advice. In applying the suggestions to your particular situation, you should consider your tax and financial situation. As your financial circumstances or goals change, it may be helpful to monitor your investment selections.

Special considerations for 529 plans:

  • If you choose to take advantage of the accelerated gift tax benefit and you die within 5 years, a prorated portion of the contribution will be subject to estate tax. If you contribute more than $15,000 in a particular year, you must file IRS Form 709 by April 15 of the following year. For more information, consult your tax advisor or estate-planning attorney.