Connecticut 529 Plan

From Bogleheads

Open to Residents
Open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to the Connecticut 529 plan of up to $5,000 per year for an individual taxpayer, and $10,000 per year for a married couple filing jointly, are deductible in computing Connecticut taxable income, with a five-year carryforward of excess contributions. Rollover contributions are not deductible. Contribution deadline is December 31 postmark if by mail, or final business day of the year if by electronic payment.

State tax recapture provisions: None

Age-based investment options: Two age-based options,the Managed Allocation Option and the Aggressive Managed Allocation Option, are offered, each containing six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options: Six options are offered: the High Equity Option, the 100% Equity Index Option, the Social Choice Option, the 100% Fixed-Income Option, the Principal Plus Interest Option, and the Money Market Option.

Single Funds

100% Equity Index Option

High Equity Option

100% Fixed Income Option

Stand-alone Options

TIAA-CREF Equity Index Fund (80%)
TIAA-CREF International Index Fund (20%)

TIAA-CREF S&P 500 Index Fund (48%)
TIAA-CREF Mid Cap Growth Fund (5.10%)
TIAA-CREF Mid Cap Value Fund (5.10%)
TIAA-CREF Small Cap Fund (5.80%)
TIAA-CREF International Index Fund (16%)
TIAA-CREF Bond Fund (15%)
TIAA-CREF Inflation Linked Bond Fund (5%)

TIAA-CREF Bond Fund (75%)
TIAA-CREF Inflation Linked Bond Fund (25%)

TIAA-CREF Social Choice Fund (100%)
TIAA-CREF Money Market Fund (100%)
TIAA Principal Plus Interest Option (100%)

Expenses: 0.65%; Principal Plus Interest Option: 0.01%

Links

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Please see [url=http://www.bogleheads.org/wiki/Connecticut_529_Plan]Connecticut 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].