Investment Plans
Save your way with an Investment 529 Plan.
What is an Investment 529 Plan?
It’s a flexible way to save and invest for a wide variety of higher education expenses. You choose how much to save and how often, plus you select and manage your investment options. And the bonus—your earnings grow tax-free.
As with any investment, the value of your plan will change based on market conditions and the investment option(s) you select.
Benefits
of an investment plan
Control
Save what you want, when you want with tax-free growth
Versatile
Use for higher education and K-12 expenses
Options
Build your portfolio using simple, intermediate, or advanced investment strategies
Flexible
Use in-state or nationwide, at public, private, trade, and technical schools
Adaptable
Transfer to another family member, roll over to student’s Roth IRA, or cancel anytime
Watch
Learn about an Investment 529 Plan
FUND FACT
Watch your savings grow! Parents who set up automatic monthly contributions save 3x more than those who do not.
Fidelity 2020 College Savings Indicator
Thanks to industry changes, 529 Plans are going from really, really good to pretty amazing – what they’re adding is more flexibility and more tax savings.Mari Adam — Certified Financial Planner and owner of Mari Talks Money, LLC, in Boca Raton
How do you use an Investment Plan?
You can withdraw funds for higher education and K-12 expenses as needed. We can even pay the school directly, if that’s more convenient.
What costs are covered by an Investment Plan?
It covers a wide variety of higher education expenses (tuition and fees, housing and meal plans, books and supplies, computers, etc.) as well as K-12 tuition and mandatory fees.
How do I manage an Investment Plan?
Choose from three investment strategies, simple (set it and forget it) to more customizable intermediate or advanced options.
You’re Covered For
All The What Ifs
Do I need to be a Florida resident?
Anyone can open an Investment Plan (parent, grandparent, etc.). However, the student must be a Florida resident when the plan is purchased. Proof of residency is required during enrollment.
How long can an Investment Plan be used?
There is no set time period. Also, funds may be transferred to another family member.
What if my child receives a scholarship?
Great! You can use your Investment Plan to cover other college costs like housing, books, supplies or even graduate school.
Can I roll over leftover funds from my child’s Investment 529 Plan into an IRA?
As of January 2024, you may transfer (roll over) remaining Investment Plan funds (up to $35,000) to a student’s Roth IRA (individual retirement account), subject to IRS rules.
What is the smartest approach for covering all college expenses?
Investment Plans and Prepaid Plans go great together – like chips and salsa – you can enjoy the flexibility and tax-free growth of an Investment Plan and lock in tuition and fees, risk-free, with a Prepaid Plan.
Want to learn more?
Visit our Help Center to get even more information on our Investment Plans.
