Georgia 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.

Georgia 529 Plan

Open to Residents
Open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: For years beginning on or after January 1, 2007, contributions to Georgia's 529 plan of up to $2,000 per beneficiary per year are deductible in computing Georgia taxable income. A married couple filing jointly is limited to $2,000 per beneficiary, not $4,000. Beginning in 2007, income limits no longer apply. Rollover contributions are not deductible. Contribution deadline is April 15 of the following year.

State tax recapture provisions: The principal portion of rollovers and nonqualified withdrawals from this plan are included in Georgia taxable income to the extent of prior Georgia tax deductions.

Age-based investment options: Choose between the Managed Allocation Option and the Aggressive Managed Allocation Option, each containing six portfolios of underlying mutual funds. Under either option, 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: Select among three multi-fund portfolios (the 100% Equity Option, the Balanced Fund Option, and the 100% Fixed Income Option), the Guaranteed Option, and the Money Market Option.

Single funds

100% Equity Index (ER 0.50%)

Balanced Option (ER 0.71%)

100% Fixed Income (ER 0.76%)

TIAA-CREF Equity Index Fund (100%)

TIAA-CREF S&P 500 Index Fund (12%)
TIAA-CREF Equity Index Fund (17.50%)
TIAA-CREF Large Cap Value Index Fund (3%)
TIAA-CREF Small Blend Index Fund (2.50%)
TIAA-CREF Real Estate Securities Fund (5%)
TIAA-CREF International Index Fund (10%)
TIAA-CREF Bond Fund (35%)
TIAA-CREF Inflation Linked Bond Fund (10%)
TIAA-CREF High Yield Fund II (5%)

TIAA-CREF Bond Fund (70%)
TIAA-CREF Inflation Linked Bond Fund (20%)
TIAA-CREF High Yield Fund II (10%)
TIAA-CREF Bond Fund (35%)
TIAA-CREF Inflation Linked Bond Fund (10%)

TIAA-CREF Money Market Fund 100%) (ER 0.57%)
TIAA Guaranteed Option (100%)

Expenses:0.51% - 0.75%; none for Guaranteed Option

Links

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Please see [url=http://www.bogleheads.org/wiki/Georgia_529_Plan]Georgia 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].