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.
Why Put a Bow on College Savings:
It Can Be Unwrapped Forever
And wherever for that matter! Not only do the funds in your account have no age restriction, but they can also be used at eligible schools across the country – including two and four-year colleges, apprenticeships, trade and technical institutes, and graduate school.
The Elves are On It!
Never underestimate the power of Santa’s workshop. With Ugift®, Achieve Montana’s free online giving tool, you can invite your friends and family to contribute to your child’s college savings all season long! No gift tag or pointy ears necessary.
The Savings Sleigh
And that means more gifts for everyone! For the life of the account, earnings grow tax-deferred from both federal and state taxes – with Montana residents eligible for additional savings. Now, that’s a Christmas miracle!
With Achieve Montana, the magic of Christmas is just a twinkle of the eye and click away. To learn more and open a 529 college savings account today, download our enrollment kit or visit achievemontana.com.
If you are not a Montana taxpayer, consider before investing whether you or the beneficiary’s home state offers any state tax or other benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program.
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.
Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state, and local taxes.
Contributions may be subject to recapture in certain circumstances, such as a federal non-qualified withdrawal or withdrawals used to pay elementary or secondary school tuition, registered apprenticeship program expenses, qualified education loan repayments, or a withdrawal from an account that was opened within three years prior to the date of the withdrawal, as described in the Program Description (Recaptured Withdrawal). If the account owner is no longer a Montana resident at the time of a Recaptured Withdrawal, we may withhold the potential recapture tax from the Recaptured Withdrawal.
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 minimum amount. Go to upromise.com to learn more about Upromise®.
© 2023 Achieve Montana. All rights reserved. Upromise and the Upromise logo are registered service marks of Upromise, Inc. Ugift is a registered service mark. All other trademarks, service marks or registered trademarks are the property of their respective owners. Used with permission.