Start college saving early with NY 529

NY 529 is an investment plan that helps families save for higher education. There's no minimum contribution and costs are low, so you can start saving even when money is tight.
There are Tax benefits and flexibility in the plan as well

Your NY 529 earnings gross federally tax-deferred and qualified withdrawals are tax-free. There are New York tax advantages. too.' Your child can use the funds at 03.000a eligible schoolS across the U.S. and abroad.

See why now is a smart time to save at NYsaves.org

Contributions of up to 510,000 are deductible annually from New York State taxable income for married couples filing jointly; single taxpayers can deduct up to $5,000 annually. New York State tax deductions may be subject to recapture in certain circumstances such as rollovers to another state's 529 plan, federal non-qualified withdrawals or withdrawals used to pay elementary or secondary school tuition, registered apprenticeship program expenses or qualified education loan repayments as described to the Disclosure Booklet and Tuition Savings Agreement. State tax benefits for non-resident New York taxpayers may vary. Please consult your tax advisor about your particular tax situation.

Earnings on federal non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as stale and local income taxes. Tax and other benefits are contingent on meeting other requirements. Please consult your tax advisor about your particular tax situation.

Investment returns are not guaranteed, and you could lose money by Investing in the Direct Plan.

For more information about the New York's 529 College Savings Program Direct Plan, download a Disclosure Booklet and Tuition Savings Agreement at nysaves.org or by calling 877-NYSAVES (877-697-2837). 

This document includes investment objectives, risks, charges, expenses, and other information.You should read and consider them carefully before investing. Before you invest, consider whether your or the beneficiary's home state offers any state tax Cr other benefits that are only available for investments in that state's 529 plan. Other state benefits may include financial aid. scholarship funds, and protection from creditors. The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Direct Plan.

Ascensus Broker Dealer Services, LLC. serves as Program Manager and o connection wall as affiliates, provides record keeping and administrative support services and is responsible for day-to-day operations of the Dena Plan. The Vanguard Group, Inc.. serves as the Investment Manager. Vanguard Marketing Corporation provides marketing and distribution services to the Direct Plan.

No guarantee: None of the State of New York, its agencies, the Federal Deposit Insurance Corporation (FDIC), The Vanguard Group. Inc.. Ascensus Broker Dealer Services, LLC. nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio. New York's 529 College Savings Program currently includes two separate 529 plans. The Direct Plan is sold directly by the Program. You may also participate in the Advisor-Guided Plan, which is sold exclusively through financial advisors and has different investment options and higher fees and expenses as well as the financial advisor compensation. 


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