DEPARTMENT OF ADMINISTRATION . CollegeBound Saver is an easy, smart way to save for college. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com The opinions expressed are those of the author, are based on current market conditions and are . Both plans are managed by Ascensus College Savings which replaced AllianceBernstein as program manager in 2016. . Perf. Rhode Island General Treasurer Seth Magaziner today announced that Rhode Island babies born on Saturday, May 29, 2021 will receive $529 through Rhode Island's 529 savings program, CollegeBound Saver, in celebration of "529 Day." "Any day is a good day to start saving for an education, but especially on May 29, we want to celebrate these . While money saved though 529 plans like . CollegeBound baby is an enhancement of CollegeBoundSaver, Rhode Island's 529 plan, designed to help families get an early start at saving for their child's higher education. CollegeBound Saver. . STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS . No more sorting through stacks of paper, fumbling through files, or waiting for the latest account information to be mailed. Professionally drafted and regularly updated online templates. Cranston, Rhode . You should consider the investment objectives, risks, charges and expenses of CollegeBoundfund carefully before investing. Rhode Island General Treasurer Seth Magaziner announced Thursday that babies born to Rhode Island residents on May 29,2020 will receive a $529 grant into a CollegeBound Saver account. State of Rhode Island Office of the General Treasurer Seth Magaziner. There are 217,895 registered schools in Rhode Island with a total value of $5,680,426,847 . CollegeBound is a tax-advantaged 529 savings plan administered by the Office of the Rhode Island General Treasurer, which allows Rhode Islanders to affordably save for post-secondary education. The most straightforward of Rhode Island's 529 plans is the CollegeBound Saver plan (not to be confused with CollegeBound 529). With a CollegeBound 529 plan, a successful educational future is within reach. CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment Commission. These $529 grants can help families jump-start college savings for their child." A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Load All Plans. Open a CollegeBound Saver account and give your kids a gift they'll never outgrow. We even make it convenient for friends and family to chip in anytime they want. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com CollegeBound 529 Investment Option Change/Future Contribution Allocation Form . Rollovers from another 529 plan are not deductible. Download READYSAVE 529 and enjoy it on your iPhone, iPad and iPod touch. To learn more about CollegeBound Saver please visit www.collegeboundsaver.com or call (877) 517-4829. CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment . Daniele brings over 17 years of experience to College Bound, LLC. The federal status of this trademark filing is REGISTERED as of Tuesday, January 25, 2022 . The trade-off here is that direct . Members from the state of Rhode Island also participated, including Chris Civittolo, Director of 529 Savings, Grants and Scholarship Programs, the meeting and Alec Stais, Chief at Investment Officer, via phone. of administering and managing CollegeBound 529. Rhode Island's CollegeBound 529 savings program is managed by Ascensus College Savings with Invesco Advisors, Inc. as investment manager. The majority of CollegeBound Saver and CollegeBound 529's fees are low relative to peers, making the Plans attractive solutions for account owners and advisors. While it does not require Rhode Island residency, the fees are higher for non-residents. All Names . Rhode Island decided to change the management group of the 529 plan from CollegeBound Fund by AllianceBernstein to the new "Saver" by Ascensus. What's more, as a Rhode Island taxpayer, you can qualify to receive a state income tax deduction for contributions made to CollegeBoundfund of up to $1,000 for married couples fi ling jointly and $500 for individual fi . It features a menu of age-based and static portfolio options utilizing Invesco, Vanguard, Schwab and BlackRock mutual funds along with a stable value option. There is no personal income tax in Nevada. CollegeBound 529 Distribution Request Form Use this form to request a full or partial Qualified or Non-Qualified Distribution from your CollegeBound 529 Account or an indirect rollover. 6. Invesco Distributors, Inc. is the distributor of CollegeBound 529. Rhode Island Savings Plans - get access to a huge library of legal forms. Easily download and print documents with US Legal Forms. The CollegeBound Saver program is Rhode Island's direct-sold plan open to Rhode Island residents and non-residents. Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Last Restated: May 2016 Last Amended: September 2020 Last Reviewed: November 2021 CAPITAL CITIES, L.L.C. Between her passion for working with youth and her genuine love of seeing others achieve their personal goals, Daniele believes that student's exploration and self-discovery are essential to finding a college and career path that are a perfect fit for them. CollegeBound, Rhode Island's 529 college savings program, is an easy, affordable way for Rhode Islanders to save for the future. Get Started Convenience The funds offered include Vanguard, Investco, and Black Rock. Make the distribution payable to the beneficiary. account set up through a financial advisor you are in CollegeBound 529. IGT GLOBAL SOLUTIONS CORPORATION. CollegeBound Saver is Rhode Island's 529 plan that offers in-state residents some of the most affordable investment options of any 529 savings plan in the country. The trade-off here is that direct . For more information about CollegeBound 529, contact your financial professional, call 877-615-4116, or download the Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Rhode Island CollegeBound fund Program Description. National CollegeBound fund Program Description. Both plans are managed by Ascensus College Savings which replaced AllianceBernstein as program manager in 2016. . Cranston, Rhode . Although the direct-sold version has been rated higher, it is available only to those who meet certain specific state residency requirements. Account owners can also request a qualified . There are 217,895 registered schools in Rhode Island with a total value of $5,680,426,847 . the majority of collegebound saver and collegebound 529's fees are low relative to peers, making the plans attractive solutions for account owners and advisors. Rhode Island offers an advisor-sold plan, CollegeBound 529, and a direct-sold plan, CollegeBound Saver. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com Ascensus Broker Dealer Services, Inc. and its affiliates (Ascensus College Savings) have overall responsibility for the day-to-day operations including investment advisory, recordkeeping and administrative services, and . Contributions in excess of the annual limit can be carried forward and deducted in future years. COLLEGEBOUND 529 is a trademark owned by The Rhode Island General Treasurer and filed on Monday, November 9, 2020 in the Insurance & Financial Services category. It only takes $1 and about 10 minutes to open an account and start saving. To recognize the devastating impact COVID-19 has taken on Rhode Island, the General Treasurer's Office is launching the Frontline Heroes Fund. T. Rowe Price College Savings Plan. Contributions to the Rhode Island 529 plan of up to $500 per year by an individual and up to $1,000 per year for married taxpayers filing jointly are deductible in computing Rhode Island taxable income, with an unlimited carryforward of excess contributions. The investments in CollegeBoundfund are not guaranteed by the State of Rhode Island, the Rhode Island Higher Education Assistance Authority (which established and implemented CollegeBoundfund and . CollegeBound Saver (529 Plan) CollegeBound Saver is a tax-advantaged savings plan that allows Rhode Islanders to save for college affordably and conveniently. SIGNATURE YOU MUST SIGN BELOW By signing below, I hereby acknowledge that: I have received and read this form and agree to the terms and conditions of the CollegeBound 529 Program Description, which The most straightforward of Rhode Island's 529 plans is the CollegeBound Saver plan (not to be confused with CollegeBound 529). One of the reasons non-state . Rhode Island residents who open a CollegeBound Saver account can receive an annual state income tax deduction of up to $500 per individual and $1,000 per couple on funds contributed to the plan. Match your 529 plan withdrawal to qualified education expenses. Evaluate any leftover funds. collegebound 529 program description. In late 2015, Treasurer Magaziner announced the conclusion of a highly competitive process to select a new manager of the CollegeBound program. Unlike its similarly named cousin, this account is what's known as a direct-sold plan, meaning that it's provided by the state directly, rather than through a financial advisor.

Age 0-6 High Equity. Withdrawals can be made online or by downloading and mailing in the distribution request form. Starting January 1, 2015, children born to or adopted by Rhode Island families are eligible for a $100 CollegeBound baby Grant to be used for higher education. Box 55987 Boston, MA 02205-9722 In the following pages, you' ll discover why CollegeBound fund is a great vehicle for you to tackle higher education costs. Rhode Island and Capital Cities are further evaluating the 0.25% Program Management fee that is charged to non-Rhode Island residents,in the CollegeBound Saver Plan. How Much Does Rhode Island's Direct CollegeBound Saver Program Cost? bound529.com , or you can call us to order any form or request assistance in completing this form at 1.877.615.4116 any business day from 8 a.m. to 8 p.m. Eastern Time. Unlike its similarly named cousin, this account is what's known as a direct-sold plan, meaning that it's provided by the state directly, rather than through a financial advisor. . Daniele brings over 17 years of experience to College Bound, LLC. Ascensus will expand the app's availability to additional states and savers throughout 2021. Rhode Island Tuition Savings Program CollegeBound Saver CollegeBound 529 Prepared: January 2015 Restated: May 2016 Reviewed: May 2017 Amended: May 2018 Reviewed: October 2019 Amended: September 2020 CAPITAL CITIES, L.L.C. Category. The most recent review of Invesco CollegeBound 529 suggested the potential benefit of: Our updated research platform 0.68%. When we got home yesterday, I noticed that the mail contained the new program description of CollegeBound Saver, Rhode Island's 529 plan. How do I withdraw from Invesco? Rhode Islanders can open CollegeBound accounts with as little as $1 and see their savings grow tax-free. One Capitol Hill Office: (401) 222-2271 . No image available. The CollegeBound Saver plan is a direct-sold plan with fees ranging from 0.04% - 0.85%. Like many other such plans, the minimum initial contribution is only $25 .

READYSAVE 529 is currently available to account holders in three programs administered by Ascensus: MOST-Missouri's 529 Education Plan, Rhode Island's CollegeBound Saver plan, and Nevada's SSGA Upromise 529 plan.

CollegeBound 529 1.877.615.4116 8 a.m. to 8 p.m. Eastern Time M-F www.collegebound529.com Regular mailing address: CollegeBound 529 P.O. the (877) 517-4829. Rhode Island Resident Accounts invested in only Class RA and/or Class RZ Units will not be assessed a Program Management Fee. Contributions in excess of the annual limit can be carried forward and deducted in future years. Download READYSAVE 529 to: Securely access your 529 plan account Check your account balance, transaction history, and investment allocations Add money to your balance as a one-time or recurring contribution See how your savings stack up to others in your . Fees: 529 QuickView: Easy 529 account management for Financial Professionals. . CollegeBound 529 is administered by the Rhode Island Office of the General Treasurer and the Rhode Island State Investment Commission. Louisville, Kentucky. Rhode Island offers 2 plans: the CollegeBound Saver plan and the CollegeBound 529 Advisor-sold plan. Under Treasurer Magaziner's tenure, CollegeBound Saver, Rhode Island's 529 tuition savings plan, has emerged as a nationally recognized program to help families save for the cost of education. Employees' Retirement System of Rhode Island. Effective on or about June 25, 2021, the following replaces the fourth bullet under the section entitled Total Annual Asset-Based Fee on page 17 of the Program Description: Start today and save for a better tomorrow. Ascensus College Savings Recordkeeping Services, LLC , the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations of CollegeBound 529 You must submit . Financial service. CollegeBound is a tax-advantaged 529 savings plan administered by the Office of the Rhode Island General Treasurer, which allows Rhode Islanders to affordably save for post-secondary education. 6. Each investment portfolio in Rhode Island's direct 529 plan charges an annual asset-based fee that currently ranges from 0.03% to 0.35% for Rhode Island resident account holders and from 0.28% to 0.35% for out-of-state account holders. The USPTO has given the COLLEGEBOUND 529 trademark a serial number of 90306402. 426 East New York Street Indianapolis, Indiana 46202 (317) 475-4500 www.capcities.com State of Rhode Island Office of the General Treasurer Seth Magaziner 7. of administering and managing CollegeBound 529. is responsible for this Page. Invesco Distributors, Inc. FOR STATE OF RHODE ISLAND DUE DILIGENCE PURPOSES ONLY NOT FOR USE WITH THE PUBLIC US12785. Between her passion for working with youth and her genuine love of seeing others achieve their personal goals, Daniele believes that student's exploration and self-discovery are essential to finding a college and career path that are a perfect fit for them. Rhode Island offers an advisor-sold plan, CollegeBound 529, and a direct-sold plan, CollegeBound Saver.