Iowa 529 plan

Iowa 529 Plan:

Program match on contributions: None

State tax deduction or credit for contributions: Contributions to any of Iowa's 529 plans of up to $2,595 per beneficiary are deductible in computing 2007 Iowa taxable income. The maximum deduction increases each year with inflation. 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 Iowa taxable income to the extent of prior Iowa tax deductions.

Age-based investment options: The Age-Based option is offered in four different risk levels (Tracks A, B, C, and D) each containing four or five portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Static investment options: Select among six multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, Income, and Conservative Income) and three individual-fund portfolios (Vanguard Total Bond Market Index Fund, Vanguard Institutional Index Fund and Vanguard Prime Money Market Fund)

Single Portfolios- All portfolios have an ER of 0.52%
 * Aggressive Growth
 * Vanguard Institutional 500 Index Fund (60%-72%)
 * Vanguard Institutional Extended Market Index Fund (8%-20%)
 * Vanguard Institutional Developed Market Index Fund (20%)


 * Growth
 * Vanguard Institutional 500 Index Fund (48%-58%)
 * Vanguard Institutional Extended Market Index Fund (6%-16%)
 * Vanguard Institutional Developed Market Index Fund (16%)
 * Vanguard Institutional Total Bond Market Index Fund (20%)


 * Moderate Growth
 * Vanguard Institutional 500 Index Fund (36%-44%)
 * Vanguard Institutional Extended Market Index Fund (4%-12%)
 * Vanguard Institutional Developed Market Index Fund (12%)
 * Vanguard Institutional Total Bond Market Index Fund (40%)


 * Conservative Growth
 * Vanguard Institutional 500 Index Fund (24%-29%)
 * Vanguard Institutional Extended Market Index Fund (3%-8%)
 * Vanguard Institutional Developed Market Index Fund (8%)
 * Vanguard Institutional Total Bond Market Index Fund (60%)


 * Income
 * Vanguard Institutional 500 Index Fund (15%-18%)
 * Vanguard Institutional Extended Market Index Fund (2%-5%)
 * Vanguard Institutional Total Bond Market Index Fund (80%)


 * Conservative Income
 * Vanguard Institutional Total Bond Market Index Fund (50%)
 * Vanguard Institutional Inflation Indexed Bond Fund (25%)
 * Vanguard Institutional Prime Money Market Index Fund (25%)


 * Individual Funds
 * Vanguard Institutional 500 Index Fund (100%)
 * Vanguard Institutional Total Bond Market Index Fund (100%)
 * Vanguard Institutional Prime Money Market Index Fund (100%)

Expenses: 0.52%


 * Direct link to 529 Plan site
 * Plan document

Links

 * Morningstar Overview
 * State Creditor Protections for 529 Plans