pixel
Search
Close this search box.
Facebook Youtube

Guest View: Making Education Saving Simpler

[vc_row][vc_column offset=”vc_hidden-xs”][vc_empty_space height=”8px”][/vc_column][/vc_row][vc_row full_width=”stretch_row” content_placement=”middle” css=”.vc_custom_1587137030645{background-image: url(https://achievemontana.com/wp-content/uploads/2020/03/about-subheader-bg.jpg?id=1299) !important;}”][vc_column offset=”vc_hidden-xs”][vc_column_text css=”.vc_custom_1587137145691{padding-top: 50px !important;padding-bottom: 40px !important;}”]

About Us

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm”][vc_empty_space height=”23px”][/vc_column][/vc_row][vc_row full_width=”stretch_row” content_placement=”middle” css=”.vc_custom_1587137030645{background-image: url(https://achievemontana.com/wp-content/uploads/2020/03/about-subheader-bg.jpg?id=1299) !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm”][vc_column_text css=”.vc_custom_1587162651507{padding-top: 10px !important;}”]

About
Us

[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” content_placement=”middle” css=”.vc_custom_1612476638123{padding-top: 48px !important;}”][vc_column css_animation=”none”][vc_column_text css_animation=”slideInLeft”]

Guest View: Making Education Saving Simpler

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]Achieve Montana, the official 529 plan for the state, is pleased to announce several changes designed to help Montana families save for the future education of their children. These changes lower fees, updated age-based investing options, two new investment portfolios and more.

As the official 529 plan for Montana, Achieve Montana strives to make saving for higher education simple. With that in mind, Achieve Montana is pleased to announce several changes which will lower fees, increase portfolio options and more. The improvements are designed to help you set up and maintain a 529 account as an affordable and effective way to save for the future education of your children.

First, the age-based investment options now feature seven different portfolios, two more than previously. The portfolios have also been transitioned away from age-based options and into year-of-enrollment investment options. These feature lower fees and a more gradual shift in the asset allocation away from stocks. In other words, the portfolio will automatically re-balance the asset mix to be more conservative as your child nears their higher education enrollment date, helping to preserve the assets in the fund.

As for the fees, they have been reduced significantly and include reductions in the underlying fund expenses as well as the service fee and state administrative fee. It’s an overall decrease of up to 29%!

These are certainly challenging times in our country and state. Achieve Montana is here to remind you that no matter how hectic today is, tomorrow will be here eventually, and if you commit to saving for your child’s education now, you can help ensure a solid future. Remember, time is on your side. You will have years before you will need to access the savings account for your child’s education.

Achieve Montana has the expertise and resources to help make saving simple. All the details about these improvements can be found at AchieveMontana.com or you can call 1-877-486-9271 for more information. Remember, Achieve Montana is here to help you achieve your savings goals.

Here at Achieve Montana, the official 529 plan for Montana, we spend a lot of time encouraging parents to start financial planning for their child’s future education. It’s an important topic and we want to make it easy for Montanans to save and to help minimize or even eliminate potential student debt.

Parents, grandparents and others can use an Achieve Montana 529 plan as an affordable, simple and effective way to save for the future education of their children, grandchildren, nieces and nephews. The accounts have generous contribution limits and a range of attractive investment options. Investments have immediate tax benefits, and accounts can be opened with as little as $25.

Credit: Montana Standard[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator color=”custom” css_animation=”slideInUp” accent_color=”#b5b5b5″][/vc_column][/vc_row]

Make room under the tree for a 529 college savings plan.

The sounds of their little feet racing down the stairs. The giggles of excitement as they spot their name under the tree. The overwhelming joy they experience opening a gift bought just for them. As parents, the magic of Christmas isn’t found in the getting, but in the giving. So, why wait? This holiday season, light up their future with an Achieve Montana 529 college savings account. It may not be the biggest gift under the tree, but it’s sure to be the brightest! And it’ll certainly last longer than that box of toys.

Read More »
November 15, 2023 No Comments

Practical Ways to Save

When it comes to life, we love a good cheat sheet. And the same goes for college savings! While an Achieve Montana 529 savings account is the ultimate college savings tool (hello low minimums and tax-free withdrawals), it’s still just that – a tool. The true savings start with you! And with these practical savings tips, your journey can start today! Check out these quick and easy ways to get the most out of your 529 savings account.

Read More »
October 9, 2023 No Comments

529 Savings Myths: BUSTED!

There are a lot of misconceptions out there when it comes to opening a 529 savings plan. And, we get it! Setting aside money and intentionally planning for your child’s future (or even your own) can be intimidating. Heck, we’re intimidated even saying it! But the truth is that it doesn’t have to be.

Read More »
September 29, 2023 No Comments
For more information about Achieve Montana, call 877.486.9271 or download an Enrollment Kit. The Enrollment Kit includes a Program Description that discusses investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
If you are not a Montana taxpayer, before investing in Achieve Montana, you should consider the benefits of your home state’s qualified tuition program. It may provide taxpayers with state tax and other benefits such as financial aid, scholarship funds and protection from creditors, that are only available through your home state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances. Tax and other penalties may apply to non-qualified withdrawals.
Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. In addition, you should periodically assess, and if appropriate, adjust your Section 529 Plan investment choices with your time horizon, risk tolerance and investment objectives in mind.
Achieve Montana is sponsored by the State of Montana and administered by the Montana Board of Regents of Higher Education, as sole trustee of the Montana Family Education Savings Trust (Trust). Ascensus College Savings Recordkeeping Services, LLC serves as program manager and provides recordkeeping and administrative support services for Achieve Montana. Blackrock Fund Advisors, Dimensional Fund Advisors LP, Charles Schwab Investment Management, Inc., New York Life Insurance Company and the Vanguard Group, Inc. each provide investment management services for the underlying investments comprising Achieve Montana’s portfolios. Although some of the portfolios invest in mutual funds, they are not mutual funds. When you invest in Achieve Montana, you are purchasing portfolio units issued by the Trust. Except to the extent of the New York Life Insurance Company guarantee that is available for the Capital Preservation Portfolio and certain Year of Enrollment Portfolios, investment returns are not guaranteed, and you could lose money by investing in Achieve Montana.
Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Upromise is an optional service offered by Upromise, Inc., is separate from Achieve Montana, and is not affiliated with the State of Montana. Terms and conditions apply to the Upromise service. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Transfers from Upromise to an Achieve Montana account are subject to a $25 minimum. Go to upromise.com to learn more about Upromise.
Upromise and the Upromise logo are registered service marks of Upromise, Inc. Ugift is a registered service mark of Ascensus Broker Dealer Services, Inc., an affiliate of Ascensus College Savings Recordkeeping Services, LLC.
Vanguard is a registered mark of The Vanguard Group, Inc. All other trademarks, service marks or registered trademarks are the property of their respective owners. Used with permission.