WebThe biggest difference between Illinois' two 529 college savings plans is that the Bright Start plan is a direct-sold 529 plan529 planAnnual gift tax exclusion One of the many benefits of saving for a child's future college education with a 529 plan is that contributions are considered gifts for tax purposes. In 2024, gifts totaling up to $16,000 per individual … WebQ3 2024 529 plan rankings: Five-year performance. Savingforcollege.com ranks the performance of direct-sold 529 plans. Direct-sold plans are those that consumers can enroll in without using a broker. We have prepared one-year, three-year, five-year and ten-year performance tables. To prepare this ranking, we compared a subset of portfolios from ...
Morningstar
WebMay 29, 2024 · T. Rowe Price College Savings Plan. Category. Age 0-6 High Equity. Perf. 7.31%. Fees. 0.68%. Load All Plans. State rules and policies governing 529 plans can change at any time. WebJan 1, 2024 · 3. Bright Start: Illinois. Minimum Opening Balance: $0; Minimum Additional Contribution: $0; Maximum Cumulative Contribution: $450,000 per beneficiary; Fees and Expenses: Investment fees and expenses range from about 0.10% to about 0.50%, depending on portfolio type; Tax Benefits for In-State Participants: Up to $10,000 state … different word for modern
The Top 529 College Savings Plans of 2024 Morningstar
WebNov 5, 2024 · Premium members can read in-depth analyses of all plans under coverage in the 529 Plan Center on Morningstar.com. The Illinois Bright Start Direct-Sold College Savings Program boasts an impressive ... WebOct 27, 2024 · This year's review led to a number of ratings changes that included 12 upgrades and 15 downgrades. ... 529 Education Savings Plans; Illinois' Bright Start … WebJan 3, 2024 · Like Utah's 529 plan, the Bright Start College Savings programs offers a myriad of investment options, many of which are from well-respected companies such as T. Rowe Price and Vanguard —11 in ... form t3010 canada