New Mexico 529 plan archive
|This page has been superseded by 529 plans by state. The information shown here is for historical purposes only and may be inaccurate.|
The New Mexico 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
|Program match on contributions:||none|
|State tax deduction or credit for contributions:||Contributions to any of New Mexico's 529 plans are fully deductible in computing New Mexico taxable income.|
|State tax recapture provisions:||The principal portion of rollovers and nonqualified withdrawals from this plan are included in New Mexico taxable income to the extent of prior New Mexico tax deductions.|
|Age-based investment options:||The Age Based Portfolios and the Index Age Based Portfolios contains six portfolios of underlying mutual funds. In the Age-Based Approach 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:||Select among six multi-fund portfolios with varying risk tolerances and one individual-fund portfolio (the Short Term Yield Portfolio). The plan offers an indexed static allocation option consisting of five index funds.|
|Expenses:|| 0.31% - 0.73%; index options: 0.31% - 0.39%.
$25 Annual Maintenance Fee, waived in certain circumstances.
|Policy Regarding Ownership Changes:||Accepts requests to transfer account ownership.|
The New Mexico 529 savings plan uses the following funds in the age-based portfolios. Each portfolio's asset allocation is detailed in the static multi-fund portfolios tabulated in the static fund section below.
|Ages 0-5||Ages 6-8||Ages 9-11||Ages 12-14||Ages 15-17||Ages 18+|
|Indexed Age-based Portfolios Underlying Funds|
The table below lists the underlying funds comprising the New Mexico 529 savings plan's static multi-fund portfolios.
|Aggressive Growth||Moderately Aggressive||Moderate||Conservative||Ultra Conservative||School Years|