Wealthfront 529 College Savings Plan
Start saving for your child's education
What is a 529 College Savings Plan?
A 529 plan is an education savings plan designed to help pay for college and related qualified higher education expenses at thousands of eligible educational institutions.
Benefits of a 529 College Savings Plan
Save on taxes

Earnings in a 529 plan are deferred from federal taxes and usually state taxes. You also won’t be taxed when withdrawing the funds to pay for Qualified Higher Education Expenses at an eligible institution.

Many states even offer state income tax deductions and credits for contributions made to their state plan.

Control and flexibility1

As the account owner you have complete control over how and when you use the funds in your account.

You can have multiple accounts for multiple children, and you can transfer the account to a different beneficiary, if needed, to give you complete flexibility when it comes to paying for college costs.

Reduce financial aid impact
If you set up a 529 plan for your child and your child is a dependent, the savings in a 529 plan will have a lower impact on financial aid than if your savings were held in another type of investment account in your child's name.
High contribution limits
The maximum contribution limit to the Wealthfront 529 College Savings Plan and other 529 plans sponsored by the state of Nevada is $370,000 per beneficiary, giving your 529 plan investment room to grow in order to cover the rising costs of education.
529 vs Taxable account
Saving on taxes means more money to put towards college

A 529 account offers higher after-tax returns than a taxable account, with the potential to be worth 16% more than the same amount invested in a taxable account.

Read the whitepaper
Pay less in taxes while saving for college
Tax-Deferred Earnings

Earnings in a 529 plan will be deferred from federal taxes and usually state taxes, which can have a significant impact on the growth of your account.

Tax-Free Withdrawals

If you make a withdrawal to pay for Qualified Higher Education Expenses at an eligible institution you typically won't have to pay state or federal income taxes on earnings in your 529 plan.

State Tax Deductions

Many states even offer state income tax deductions and credits for contributions made to their state plan.

Superfunding and Gift Tax Benefits

You can make 5 years’ worth of contributions at one time without incurring gift tax. This is commonly known as superfunding.

Wealthfront makes it simple to get your personalized savings plan in minutes

We’ll create a personalized 529 college savings plan for you online in just a few minutes. No more filling out paperwork or spending hours on the phone speaking with agents or salespeople.

Wealthfront will manage your plan for you

We’ll rebalance your portfolio and adjust the investment mix to a more conservative allocation as the student approaches college.

We will recommend a personalized monthly savings plan

Once you open your account, we’ll recommend a monthly savings plan and allow you to setup automatic contributions into your 529 plan directly from your bank account.

The Wealthfront 529 College Savings Plan is the lowest-cost advisor-sold plan2

It provides automated investment advisory services for a customized investment experience for each customer, with all-in fees from 0.43% to 0.46%. On top of that, Wealthfront does not charge an advisory fee on your first $10,000 invested.3

A college savings plan personalized for you

Additional Resources on College Savings

529 College Savings basics

When it comes to saving for college, families face a number of important questions. How much should I save? When should I start saving? What kind of plan should I use? How should I pick my investments?

Read the blog post
The benefits of superfunding

One of the largest financial obligations that many parents may take on is funding their child’s college education. With the four-year cost of a public college education in California currently at $121,300...

Read the blog post