1. The $20/fee for vanguard accounts is waived for accounts >=$3000.
2. I know CA gives no pretax deductions. But, i was referring to earnings from the 529. My initial understanding was that earnings from 529 are federal exempt for qualified withdrawals for all 529 plans (irrespective of which where you live), but as a CA resident, your 529 earnings are only exempt if you’re participating in the CA scholarshare plan. But I think the latest info I have is that that this isn’t the case. Earnings from all 529 plans are CA state tax exempt.
Program manager Upromise Investments, Inc.
Fidelity Investments
Distribution manager Vanguard Marketing Corporation
Upromise Investment Advisors, LLC
Fidelity Brokerage Services, LLC
Program type Tuition Savings
Tuition Savings
Operational date December 10, 2002
October 4, 1999
Residency required No
No
State benefits
Maximum annual state tax deduction No state income tax.
0
Other benefits No state income tax.
No state tax deduction for contributions. Qualified withdrawals from this plan and other states’ plans are exempt from California state income tax.
Creditor protection Yes. Creditor protection available. If the debtor lives in Nevada, State statute SB 434 provides that up to $500,000 of assets held in a 529 Plan account may be protected from creditors, depending on when such assets were contributed to the account and whether they are eventually used to pay qualifying higher educational expenses of the designated beneficiary.
No
Beneficiary age restrictions None
None
Transferrable to other family members Initial – anyone. Change – family of original beneficiary
Initial – anyone. Change – family of original beneficiary
Fees
Enrollment None
None
Maintenance $20 (for accounts under $3,000)
None
Fund expense Included in Asset Management Fees
Included in Asset Management Fees
Asset management 0.50%-0.70%
0.50%-1.10%
