SMART529

SMART529 is a college savings program sponsored by the State of
West Virginia and is available to participants nationwide. Named
after the section in the IRS tax code that authorized these
programs (Section 529), SMART529 is a tax-advantaged college
investment program that can offer many benefits over taxable
college savings accounts.
If you're comfortable making your own investment decisions, you
can invest directly in SMART529 or if you prefer the
recommendations of a financial advisor, you can invest through a
variety of investment professionals. Check with a local bank,
financial planner or investment firm in your area.
SMART529 is a program of the West Virginia College Prepaid
Tuition and Savings Program Board of Trustees, the State Treasurer
is chairman. Program management is provided by Hartford Funds. For
more information, call toll-free 866-574-3542 or
visit www.SMART529.com
.
SMART529 at a glance
- Contributions grow tax deferred, withdrawals for qualified
expenses are federal income tax free (special tax advantages for WV
residents)
- WV residents - initial investment as little as $1, no minimum
for subsequent contributions
- Parents, grandparents, other adults and businesses are eligible
to open an account
- Beneficiary can be any age, you can even open an account for
yourself
- Account owner maintains control of the account even after the
beneficiary turns 18
- Save for tuition & fees, room, board, books &
supplies
- Compatible with grants and scholarships like PROMISE