Achieve Montana – Montana 529 College Savings Plan
About: Achieve Montana is a Montana 529 plan administered by the Montana Board of Regents of Higher Education (the trustee of the Montana Family Education Savings Trust). Achieve Montana offers special advantages including: tax-deferred growth, generous contribution limits, and professional investment management.
Website: https://achievemontana.com
Phone #: 1-800-888-2723
Investment Options: An age-based option, comprised of five portfolios, moves investments automatically from one portfolio to progressively more conservative investments as the beneficiary approaches college age.Investors can select among six portfolios, Aggressive, Growth, Moderate, Conservative, Income and an FDIC-insured savings option. Investments are managed by Vanguard and DFA funds.
Tax Benefits: Contributions to Montana AND non-Montana 529 plans of up to $3,000 per year by an individual, and up to $6,000 per year by a married couple filing jointly, are deductible in computing Montana taxable income. Only contributions made by the account owner, the account owner’s spouse, or the account owner’s custodian/parent are deductible. Contribution deadline is December 31.
State Residency Requirements: No state residency is required to participate in Montana 529 College Savings Plans.
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