Difference between revisions of "Vermont 529 plan archive"

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Latest revision as of 21:09, 6 November 2017

The Vermont 529 plan archive 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. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.

  • Open to Residents
  • Open to non-residents
Vermont 529 Plan:
Program match on contributions: none
State tax deduction or credit for contributions: A 10% tax credit on up to $2,500 in contributions per beneficiary to the Vermont 529 plan may be claimed each year against Vermont income tax (maximum $250 credit per beneficiary per year). Only contributions made by the account owner, and by a non-account owner who files a joint return with the account owner, are eligible for the credit. The principal portion of a rollover from another 529 plan is eligible for the credit, provided the funds remain in the account for the remainder of the taxable year. Contribution deadline is December 31.
State tax recapture provisions: Nonqualified withdrawals from this plan are subject to recapture, to the extent of Vermont tax credits previously claimed. Outbound rollovers are not subject to recapture.
Age-based investment options: The Managed Allocation Option 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.
Static investment options: Choose from among 4 multi-fund options (the Diversified Equity Option, the Equity Index Option, the Balanced Option, and the Fixed Income Option), and the Principal Plus Interest Option which guarantees principal and a stated rate of interest.
Single funds: n/a
Expenses: 0.50%-0.84%; 0.50% for Managed Allocation Option. 0.54% - 0.84% for individual options. None for the Principal Plus Interest Option.
Policy Regarding Ownership Changes: Accepts requests to transfer account ownership.

Investment options

The following table lists the underlying funds that make up the Vermont 529 plan Age-based portfolios.

Age-based Portfolios
Ages 0-3

Vermont0-3.jpg

Ages 4-7

Vermont4-7.jpg

Ages 8-11

Vermont8-11.jpg

Ages 12-14

Vermont12-14.jpg

Ages 15-17

Vermont15-17.jpg

Ages 18+

Vermont18plus.jpg

Age-Based and Target Allocation Underlying Funds
TIAA-CREF Equity Index
TIAA-CREF International Equity
TIAA-CREF Emerging Markets Equity Index
Real Estate Securities Fund
TIAA-CREF Bond Index
TIAA-CREF Inflation-Linked Bond
Short-term Bond
TIAA-CREF Money Market

Static

The following table provides detailed information on the Vermont 529 savings plan's static, single fund options. With the exception of the Inflation Linked Bond Fund, these allocations are indexed.

Static Funds
Equity Index Option

Vermontchart equityindex.jpg

Fixed Income Option

Vermontchart fixed.jpg

  • TIAA-CREF Equity Index Fund (70%)
  • TIAA-CREF International Index Fund (25%)
  • TIAA-CREF Emerging Markets Index Fund (5%)
  • TIAA-CREF Bond Index Fund (75%)
  • TIAA-CREF Inflation Linked Bond Fund (25%)

External links