Indiana 529 Plan

From Bogleheads

Open to Residents
Open to non-residents

Program match on contributions: None

State tax deduction or credit for contributions: Beginning in 2007, a 20% tax credit on up to $5,000 per year in contributions, including rollover contributions, to the Indiana 529 plan can be claimed against Indiana income tax (maximum yearly credit is $1,000).

State tax recapture provisions: An account owner must pay with the Indiana tax return a tax equal to the 20 percent of a nonqualified withdrawal from this plan, to the extent of Indiana tax credits previously claimed. Nonqualified withdrawals for this purpose include rollovers but do not include withdrawals made as the result of the beneficiary's death or disability or withdrawals made on account of the beneficiary's receipt of a scholarship. Recapture will apply to any account terminated within 12 months from account opening date.

Age-based investment options: The Age-Based Program contains 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. The expense ratio for these portfolios is 0.51%.

Aggressive Growth

Growth

Moderate Growth

Conservative Growth

Income

Conservative Income

Vanguard S&P 500 Index Fund (60%)
Vanguard Extended Market Index Fund (15%)
Vanguard Institutional Developed Markets Index Fund (25%)

Vanguard S&P 500 Index Fund (48%)
Vanguard Extended Market Index Fund (12%)
Vanguard Institutional Developed Markets Index Fund (20%)
Vanguard Total Bond Market Index Fund (20%)

Vanguard S&P 500 Index Fund (36%)
Vanguard Extended Market Index Fund (9%)
Vanguard Institutional Developed Markets Index Fund (15%)
Vanguard Total Bond Market Index Fund (40%)

Vanguard S&P 500 Index Fund (30%)
Vanguard Extended Market Index Fund (8%)
Vanguard Institutional Developed Markets Index Fund (12%)
Vanguard Total Bond Market Index Fund (50%)

Vanguard S&P 500 Index Fund (18%)
Vanguard Extended Market Index Fund (4%)
Vanguard Institutional Developed Markets Index Fund (8%)
Vanguard Total Bond Market Index Fund (47%)
Vanguard Short Term Bond Index Fund (23%}

Vanguard S&P 500 Index Fund (10%)
Vanguard Institutional Developed Markets Index Fund (5%)
Vanguard Total Bond Market Index Fund (35%)
Vanguard Short Term Bond Index Fund (25%}
Vanguard Prime Money Market Fund (25%)

Static investment options: The plan offers three Vanguard portfolios.

Vanguard Portfolios
Vanguard Total Stock Market Index Fund (100%) (ER 0.35%) Vanguard Short Term Bond Index Fund (100%) (ER 0.40%) Vanguard Prime Money Market Fund (100%) (ER 0.38%)

Expenses: 0.35% - 1.17% . There is a $20 annual account fee for plan balances under $25,000.

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Please see [url=http://www.bogleheads.org/wiki/Indiana_529_Plan]Indiana 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].