Nebraska 529 Plan
From Bogleheads
- Open to Residents
- Open to non-residents
Program match on contributions: Nebraska and non-Nebraska plan beneficiaries attending a Nebraska higher education institution are eligible to receive additional contributions from a privately-funded endowment fund State tax deduction or credit for contributions: Contributions to any of Nebraska's 529 plans of up to $5,000 per year for single taxpayers and married taxpayers filing jointly, and $2,500 per year for married taxpayers filing separately, are deductible in computing Nebraska taxable income. For years prior to 2007, the maximum deduction was lower. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark.
State tax recapture provisions:
The principal portion of rollovers and nonqualified withdrawals from this plan are included in Nebraska taxable income to the extent of prior Nebraska tax deductions.
Age-based investment options: The Age-Based Portfolios option offers a choice among four different risk levels (Aggressive, Growth, Balanced, and Conservative) each containing five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary’s age, and later reassigned to more conservative portfolios as the beneficiary approaches college age. Portfolios are a mixture of Vanguard Index Funds and other providers' active funds.
Static investment options: Select among six multi-fund Target portfolios with varying risk tolerances and 21 individual-fund portfolios.
Single Fund Portfolios
| Fund | ER |
| Vanguard Prime Money Market Fund | 0.68% |
| Vanguard Short Term Bond Index Fund | 0.70% |
| Vanguard Intermediate Term Bond Index Fund | 0.70% |
| Vanguard Total Bond Market Index Fund | 0.65% |
| Vanguard Institutional 500 Index Fund | 0.65% |
| Vanguard Value Index Fund | 0.67% |
| Vanguard Growth Index Fund | 0.67% |
| Vanguard Total Stock Market Index Fund | 0.65% |
| Vanguard FTSE Social Index Fund | 0.84% |
| Vanguard Mid Cap Index Fund | 0.67% |
| Vanguard Extended Market Index Fund | 0.67% |
| Vanguard Small Cap Index Fund | 0.67% |
| Vanguard Small Growth Index Fund | 0.67% |
| Vanguard Small Value Index Fund | 0.67% |
| Vanguard Total International Index Fund | 0.87% |
Expenses: 0.65% - 1.64%; maintenance fee $5 quarterly. There is a one-time fee credit of $10 on accounts enrolled in an automatic investment plan of $25 or more per month.
See also
529 Plan Pages
- 529 Plans
- 529 Plans Indexed Options
- 529 Plan Account Transfers
- 529 Plan Recapture Tax on Rollovers
- Collegesure 529 Tuition Indexed Programs
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/Nebraska_529_Plan]Nebraska 529 Plan[/url] on the [url=http://www.bogleheads.org/wiki/Main_Page]Bogleheads Wiki[/url].
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