Kansas 529 College Savings Plan


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Kansas 529 College Savings Plan

LearningQuest 529 Education Savings Program

Kansas provides three ways to invest in a 529 College Savings Plan. As an individual investor, you can design your own investment strategy. You can also join through a financial advisor or join and invest through Charles Schwab. As with most other 529 plans, the earnings on the account grow federal and state tax deferred. As long as the funds are used for eligible educational expenses, they are also federal and state tax free. Kansas allows a $3,000 ($6,000 if married and filing jointly) deduction per beneficiary from your Kansas adjusted gross income deduction for contributions to any state sponsored 529 plan.

For individual investors, the LearningQuest 529 plan offers both an age based and a static portfolio. The age based includes a Conservative Track, Moderate Track, Aggressive Track and also an Index option. In each, as the beneficiary grows older and approaches college age, the funds are moved into a more conservative portfolio.

The static portfolio choice offers 14 choices from a very aggressive 100% equities to a very conservative money-market and just about everything in between. There are a couple of tobacco free choices available which are the LIVESTRONG® Portfolios from American Century Investments®. Those who choose to invest through a financial advisor will find just as many choices, including several age-based, 12 single-fund and 7 multi-fund static portfolios. You should also check with a financial advisor and tax advisor to see if a 529 investment is right for you.

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