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Sponsored by the State of New York, the Advisor-Guided Plan provides a tax-advantaged way for families to save for the future costs of higher education.
With J.P. Morgan Asset Management as the investment manager and distributor, the Plan offers college savers access to one of the world's most-respected financial institutions. As an account owner, you receive more than investments from an experienced investment manager. You also gain insights that can only come from more than a century of helping clients like you work towards their goals.
Key Features of the Advisor-Guided Plan
Flexibility and Control
Low minimums and High maximums
Learn more about the various benefits offered by New York's 529 Advisor-Guided College Savings Program.
New York’s 529 Advisor-Guided College Savings Program is sold exclusively through financial advisors. Contact your financial advisor to learn more about how the Plan may help you achieve college savings needs. Your financial advisor can help you identify your goals, open an account, select the appropriate investment options, and discuss ways to maximize the Plan’s benefits.
1 Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state and local taxes.
2 Account owners can deduct up to $5,000 ($10,000 if married filing jointly) in contributions from New York state income taxes each year. Deductions may be subject to recapture in certain circumstances, such as rollovers to another state’s plan or non-qualified withdrawals.
3 Section 529 defines a family member as a son, daughter, stepson or stepdaughter, or a descendant of any such person; a brother, sister, stepbrother or stepsister; a father or mother, or an ancestor of either; a stepfather or stepmother; a son or daughter of a brother or sister; a brother or sister of the father or mother; a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-in-law; the spouse of the beneficiary or the spouse of any individual described above; or a first cousin of the beneficiary. Gift or generation-skipping transfer taxes may apply.
4 Limitations may apply. Please review the Advisor-Guided Plan Disclosure Booklet for details.
5 Generally no minimum for Advisor class units.