Texas 529 College Savings Plans

Texas 529 College Savings Plan

5 Extra Sources of Income for Poor College StudentsAbout: The Texas College Savings plan, managed by NorthStar Financial Services Group, LLC offers two age-based investment options and seven static options using underlying investments managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.

Website: http://www.texascollegesavings.com/

Phone #: 1-800-445-4723

Investment Options: Contributors can select either the Blended Age-based Portfolios, which offers underlying investments that are both actively and passively managed, or the Index Age-Based Portfolios, which offers passively managed investments. Each option consists of 6 portfolios of underlying investments.

There is also a 4 multi-fund portfolios (two of which use only index funds), 2 individual-fund bond portfolios, and the U.S. Government Money Market Portfolio. The Mutual funds and investment strategies are managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.

Tax Benefits: State tax deduction or credit for contribution is not applicable because Texas does not have a personal income tax.

State Residency Requirements:  No state residency is required to participate in Texas 529 College Savings Plans.

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