Are smart529 investment options suitable for saving for college?

The SMART529 investment options were designed for saving for college, particularly the Age-Based Portfolios. Certain Portfolios may be more appropriate for saving for K-12 tuition than others. State income tax treatment varies by state. Please consult with a local tax professional for more information.

Does a smart 529 account affect financial aid?

If the account owner is the designated beneficiary, the SMART529 account is considered an asset of the designated beneficiary. The potential impact on financial aid can vary depending on the owner of the 529 account, whether it be a parent, dependent student, grandparent, or someone else.

Should you invest in a smart529 plan in West Virginia?

West Virginia provides its residents with tax advantages for investing in a SMART529 plan. If your clients are residents of a state other than West Virginia, before investing in SMART529, they should compare their own state’s qualified tuition program and any state tax or other advantages it may provide. State Income Tax Advantages