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
Investment Advisers, LLC, nor its affiliates, provide 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.
529 plans available through Columbia Management are distributed by Columbia Management Investment
Distributors, Inc., member FINRA.
- 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, 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.
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 Investment Distributors, Inc., member FINRA,
is the distributor and underwriter for 529 plans available through Columbia Management.