Save on taxes
If you make a withdrawal from an ordinary investment account, you have to pay
taxes. But withdrawals from a 529 account for qualified higher education expenses
aren't subject to federal taxes. Many states even offer state tax benefits for
investing in your home state's plan.
The price of college is rising much faster than inflation. So that means you're going to want to save the most that you can. Wealthfront's 529, sponsored by the State of Nevada, has a generous contribution limit available - up to $370,000 per child. If there are funds leftover, you can even change the beneficiary to another child.
Our 529 is available to everyone, irrespective of what state you live in.2
When college is far away, a little more risk can mean a little more reward. But as college draws near, we reduce your risk automatically so your money is there when you need it.
With all-in fees of no more than 0.46%, the Wealthfront 529 is the lowest-cost 529 you can get from an advisor.1