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NE TD Ameritrade College Savings Pl |
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State Provider: Nebraska; Net Assets ($mil):
$302.9 as of
10-31-09 |
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The TD Waterhouse College Savings Plan is not a bad choice for state residents, but the College Savings Plan of Nebraska is somewhat cheaper and offers very similar investment options and many of the same mutual funds. Although the expenses of the underlying funds are about the same, this plan charges a higher program management fee of 0.85% (its $20 annual account fee is now equal to that of the College Savings Plan). Residents can deduct up to $5,000 ($2,500 if married filing separately) in contributions annually from their taxable income, and qualified withdrawals are exempt from state income taxes. Both in-state and out-of-state beneficiaries who will attend a Nebraska institution of higher education are eligible to receive a contribution from a special endowment. Residents looking to take advantage of the tax breaks and endowment benefits should consider the College Savings Plan of Nebraska before they consider this plan. Nonresidents should shop around for cheaper access to similarly strong actively managed and index options. (Information as of 03/06/2009) |
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| Availability: Sales Channel |
Resident: Both
Non-Resident: Both
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| Annual State Tax Deduction |
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Up to $2,500 (S),
5,000 (J)
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| Max Investment/Beneficiary |
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$360,000 |
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(includes appreciation)
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| Mos. to Qualified Withdrawal |
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Public, Private & International
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| Aggressive, Balanced, Conservative, Growth |
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Age-Based Portfolios
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| Static Portfolios and Self-Directed Funds |
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| US Stock
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Bond |
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| Total International Funds: 44 |
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| Underlying Funds’ Ratings |
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| Overall Morningstar Rating |
# Equity
Funds |
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# Bond
Funds |
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| Ratings as of
10-31-09 |
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| Range |
0.85 |
| 529 Plan Avg |
0.8 |
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| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
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| Initial Purchase |
— |
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| Additional Purchase |
— |
— |
| Initial (AIP) |
25 |
25 |
| Additional (AIP) |
25 |
25 |
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