What state is the BlackRock 529 plan?
State of Arkansas
BlackRock Investments, LLC (“BRIL”), Distributor. The iShares 529 Plan is a college tuition savings program sponsored by the State of Arkansas and is administered by The Arkansas 529 Plan Review Committee (Committee).
How do I withdraw from BlackRock 529?
How can I withdraw funds to pay college expenses? Whether you have questions or are requesting a straight-forward withdrawal (i.e. sent directly to you at the address of record), the easiest way to make a withdrawal is to call our 529 Team at 1-866-529-8582.
Why a 529 plan is a bad idea?
A 529 plan could mean less financial aid. The largest drawback to a 529 plan is that colleges consider it when deciding on financial aid. This means your child could receive less financial aid than you might otherwise need.
What is the big advantage of a 529 college savings plan?
529 plan investments grow on a tax-deferred basis and distributions are tax-free when used to pay for qualified education expenses, including college tuition and fees, books and supplies, some room and board costs, up to $10,000 in K-12 tuition per year and up to $10,000 in student loan repayment per beneficiary and …
What are the advantages of 529 college savings plan-?
Among the chief benefits of 529 plans are tax-deferred growth and tax-free withdrawals when savings are used for qualified education expenses. These plans also offer more generous annual contribution limits for savers.
Which state offers the best 529 college savings plan?
as well as other investment
What is 529 college savings plan and how does it work?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs . 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
How to choose 529 college savings plan?
To pick the best 529 plan for you: Start by considering your home state’s direct-sold 529 plan, if your state offers a state income tax break and other benefits for state residents. Also consider the direct-sold 529 plans of low-fee states and the 529 plans with the top overall ratings. Filter the list of 529 plans based on whether each 529 plan offers the investment options you need.