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Sponsored by the Commonwealth of Kentucky, KY Saves 529 helps you save for the rising costs of education.

What can a 529 be used for?

  • College, graduate school, trade and vocational school, and apprenticeship programs that are registered and certified with the U.S. Secretary of Labor
  • K-12 expenses1
  • Recognized postsecondary credential programs2
  • Loan repayments3
  • Room and board
  • Fees
  • Computers and laptops
  • Books
  • Even things like tools, if required by the program
     

Other special features of the KY Saves 529:

  • Tax-deferred growth potential
  • Tax-free withdrawals for qualified expenses4
  • Gift and estate-tax benefits
  • Flexibility to use at eligible institutions, including universities, vocational schools, and K-12 programs worldwide.5
     

Tax-advantaged savings

Unlike taxable education savings vehicles, 529 contributions can grow free of federal and state taxes.

 

Mr. Wilcox is a registered representative of Ascensus Broker Dealer Services LLC, 877-529-2980, 95 Wells Ave, Newton, MA 02459 (member FINRA/SIPC) and is not employed by the Commonwealth of Kentucky.

1Qualified K-12 expenses include expenses in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, including: tuition; curriculum and curricular materials; books or other instructional materials; online educational materials; tutoring; exam fees; fees for dual enrollment in an institution of higher education; and educational therapies for students with disabilities provided by a licensed or accredited practitioner or provider. These expenses are not to exceed $20,000 per student per year in the aggregate across all 529 Plans for such student. Distributions for qualified K-12 expenses are not subject to Kentucky income tax or recapture. If you are not a Kentucky resident your state’s tax handling may differ. You should consult with a tax advisor for more information on your state’s taxation of Account distributions.
2Qualified postsecondary credentialing expenses generally include tuition, fees, books, supplies, and equipment required to enroll in or attend a recognized postsecondary credential program, and fees for testing or continuing education if required to obtain or maintain a recognized postsecondary credential. For a program or credential to be considered recognized it must meet certain criteria. Please refer to the KY Saves 529 Program Description for important additional information describing the tax treatment of distributions taken for postsecondary credentialing expenses. Distributions for qualified postsecondary credentialing expenses are not subject to Kentucky income tax or recapture. If you are not a Kentucky resident your state’s tax handling may differ. You should consult with a tax advisor for more information on your state’s taxation of Account distributions.
3Principal or interest on any qualified education loan (as defined in section 221(d) of the Internal Revenue Code) of the designated beneficiary or a sibling of the designated beneficiary, up to a lifetime limit of $10,000 per individual. Note, if you make an education loan repayment from your Account, Section 221(e) (1) of the Internal Revenue Code provides that you may not also take a federal income tax deduction for any interest included in that education loan repayment.
4Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
5An eligible institution is one that is eligible for federal financial aid programs and K-12 programs.

Tax-advantaged savings unlike taxable education savings vehicles, 529 contributions can grow free of federal and state taxes

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KY Saves 529 is administered by the Kentucky Higher Education Assistance Authority (KHEAA)

For more information about the Kentucky Educational Savings Plan Trust (KY Saves 529), call 855-840-4855 or visit www.kysaves.com to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

KY Saves 529 is administered by the Kentucky Higher Education Assistance Authority. Ascensus College Savings Recordkeeping Services, LLC, is the Program Manager. The Program Manager and its affiliates have overall responsibility for the program’s day-to-day operations, including investment advisory services, recordkeeping, and administrative services.

Investment returns will vary depending upon the performance of the Investment Options you choose. Depending on market conditions, you could lose all or a portion of your money by investing in KY Saves 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Ugift is a registered service mark.

INVESTMENTS ARE NOT FDIC INSURED, MAY LOSE VALUE AND ARE NOT BANK GUARANTEED.

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