This calculator is for hypothetical use only and depends on the
information you provide. The calculations rely on a number of
simplifying assumptions, and the results may vary from your actual
situation. Because tax laws change and the states adjust their 529
plans frequently, there is no guarantee that the information used
in this calculator is accurate or up-to-date. For more information
about your state's 529 plan, and to fully consider your personal tax
situation, consult your tax advisor.
- In addition to 529 plans, there are other education savings
vehicles available including programs designed to prepay
tuition and certain other educational expenses. Your financial
advisor can assist you in reviewing the various alternatives.
- This information does not constitute tax or legal advice.
Neither Columbia Management nor its affiliates, including
Columbia Management Distributors, Inc., provides tax or legal advice.
The information cannot be used for the purposes of avoiding penalties and taxes.
Consult with your financial, tax or legal advisor regarding how aspects
of 529 plans relate to your own specific circumstances.
- Columbia Management is the investment management division of
Bank of America Corporation. Columbia Management entities furnish
investment management services and advise institutional and mutual
fund portfolios. 529 plans available through Columbia Management
are distributed by Columbia Management Distributors, Inc., member FINRA,
SIPC. Columbia Management Distributors, Inc., is part of Columbia
Management and an affiliate of Bank of America Corporation.
- While federal tax treatment of 529 plan contributions
and withdrawals is the same for all 529 plans, certain state
tax benefits may be subject to limitation based on the state
of residence of the account owner or beneficiary. You may wish to consult
a tax advisor for further information on individual state tax
treatment of 529 plan investments.
- Federal legislation now makes qualified distributions from Section
529 Plans permanently federal tax free. The ruling is part of the Pension
Protection Act of 2006 approved by Congress and signed into law by the
President on August 17, 2006. Prior to the passage of the new law, tax-free
status of these distributions was set to expire after December 31, 2010.
Contact your financial advisor or tax advisor, or visit
columbiafunds.com to learn more.
- An investment in a 529 plan is not
guaranteed or insured in any way by Columbia
Management or any of its affiliates, the program manager,
the sponsoring state or any of its instrumentalities, the federal
government, including the Federal Deposit Insurance Corporation,
or any other entity.
- This calculator is provided by Archimedes Systems, Inc., a
leading provider of personalized analysis and decision support tools
to the financial services industry. Archimedes Systems updates the
calculator on a periodic basis with changes in state and federal tax policy with
respect to 529 programs. All information is believed to be accurate,
however, state and federal tax rules and regulations can change.
Archimedes Systems, Inc. is not affiliated with Columbia Management or any of
its affiliates.
Please consider the investment objectives, risks, charges and expenses associated
with 529 plan investments before investing. Contact your financial advisor for an
official statement, which contains this and other important information. Read it
carefully before investing. You should consider, before investing, whether the
investor's or designated beneficiary's home state offers any state tax or other
benefits that are only available for investments in such state's qualified tuition
program. Columbia Management Distributors, Inc., member
FINRA and
SIPC, is the
distributor and underwriter for 529 plans available through Columbia Management.
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