Education Savings
The TIAA-CREF group of companies provides a number of professionally managed ways to help you save for college.
529 College Savings Plans
State-sponsored 529 College Savings Plans are provided by individual states and managed by TIAA-CREF Tuition Financing, Inc. (TFI).
Save for public or private college and enjoy advantages such as tax-deferred growth potential and tax-free withdrawals when used for higher education qualified expenses.* Your investment can be used at all accredited colleges and universities in the U.S. and at many colleges abroad.
Custodial Accounts
Fund a child's college education with TIAA-CREF's Mutual Fund Custodial Account through a uniform gift or transfer. A custodial account can usually be opened for anyone under age 18.
Coverdell Accounts
Coverdell Education Savings Accounts (Coverdell ESAs - formerly Education IRAs) are another way to save for college and enjoy tax-deferred growth potential and withdrawals that are generally federal tax free. Talk to a financial or tax advisor to help determine which education savings plan(s) may be best for you.
*Non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax.
Each state plan has unique characteristics. Before investing in a 529 plan, consider whether the state in which you reside or have taxable income has a 529 plan that offers favorable state income tax or other benefits that are only available in that state's plan.
Consider the investment objectives, risks, charges and expenses before investing in any of the TIAA-CREF Tuition Financing, Inc. (TFI) managed 529 plans. Please call 1 888 381-8283 for a Disclosure Booklet containing this information. Read it carefully.
Account value will fluctuate based upon a number of factors, including general market conditions.
The tax information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. It was written to support the promotion of TIAA-CREF Tuition Financing, Inc. (TFI) managed 529 plans. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
