What is the TD Ameritrade 529 college savings plan?

The TD Ameritrade 529 College Savings Plan (the "Plan") is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The Plan offers a series of investment portfolios within the Nebraska Educational Savings Plan Trust (the "Trust"), which offers other investment portfolios not affiliated with the Plan.

What is a section 529 plan?

Section 529 plans are tax-advantaged accounts that can be used to pay educational expenses. There are two basic types of 529 plans: educational savings plans and prepaid tuition plans. Section 529 plans are sponsored and run by the 50 states and the District of Columbia. The rules and fees of 529 plans differ from state to state.

Are 529 plans tax-free?

Fortunately, 529 plans offer a tax-deferred savings vehicle for funds earmarked for education, and getting started is relatively simple. Your investment in a 529 plan is tax-free when used for education expenses, including outside-the-classroom costs like meal plans, off-campus housing, and even student loans.