Montana 529 Plan

From Bogleheads

This page provides information on Direct-sold 529 Plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents.

Montana 529 Plan

Open to Residents
Not open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to any of Montana's 529 plans of up to $3,000 per year for an individual taxpayer, and $6,000 per year for married taxpayers filing jointly, are deductible in computing Montana taxable income. Only contributions made by the account owner, the account owner's spouse, or the account owner's custodian/parent are deductible. Contribution deadline is December 31.

State tax recapture provisions: The principal portion of rollovers, qualified withdrawals within three years of establishing the account, and nonqualified withdrawals from this plan are subject to Montana tax at the highest Montana marginal rate to the extent of prior Montana tax deductions, but only after removal of non-deducted contributions.

Age-based investment options: None

Static investment options: Select among 5 fund-of-funds asset allocation options and one money market portfolio. (The other Pacific Life individual-fund portfolios are no longer open to new investors.) [No indexed options]

Expenses: 0.95% - 1.43%

Plan site
[ Plan Document]

Links

How to Cite

You can link to this page from the Bogleheads Forum by copying and pasting the following text into your forum posting:

Please see [url=http://www.bogleheads.org/wiki/Montana_529_Plan]Montana 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].