Nebraska 529 plan

Nebraska 529 Plan:

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.
 * Open to Residents
 * Open to non-residents

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

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.


 * Direct link to 529 Plan site
 * Plan document

Links

 * Morningstar Overview
 * State Creditor Protections for 529 Plans