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Summary: Nevada's USAA 529 College Savings Plan is available to the general public and features age-based and static porfolio options utilizing USAA mutual
funds. Accounts can be linked to the Upromise rewards service. |
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Program type: Savings |
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Telephone: 1-800-292-8825 |
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Web site: Click here to visit |
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Twitter |
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Facebook |
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Program manager: Upromise Investments, Inc. |
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State residency requirements: None |
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Maximum contributions: Accepts contributions until all account balances in Nevada's 529 plans for the same beneficiary reach $370,000. |
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Minimum contributions: The initial contribution is $50 with the establishment of an automatic investment plan of at least $50 per month ($15 for contributions through Ugift), or $250 lump-sum contribution. |
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Age-based investment options: The Age-Based Option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age. |
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Static investment options: Select among 6 multi-fund portfolios (Aggressive Growth, Growth, Moderate, Balanced, Conservative, and In-College) and a money-market portfolio (Preservation of Capital). |
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Underlying investments: USAA mutual funds. |
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Enrollment or application fee: None. |
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Account maintenance fee: $15 annual account maintenance fee, waived if either the account owner or beneficiary is a resident of Nevada. There is also a $15 annual minimum balance fee for accounts with a balance of less than $5,000 that are not in an automatic investment plan. |
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Program management fees: 0.65% to 1.05%; fee includes underlying fund expenses. |
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Expenses of the underlying investments: Not applicable., included in the program management fee. |
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Total asset-based expense ratio: 0.65% - 1.05% |
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Program match on contributions: The USAA Distinguished Valor Matching Grant Program matches up to $1,500 (lifetime per beneficiary) of contributions to this 529 plan by an immediate family member of a wounded warri or fallen soldier, including spouse or child, who is a Nevada resident or stationed in Nevada and who has been awarded a Purple Heart in either Operation Enduring Freedom or Iraqi Freedom (service beginning October 7, 2001 and ending August 31, 2010). |
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State tax deduction or credit for contributions: Not applicable. Nevada does not have a personal income tax. |
