Achieve Montana Helps Families Reach Goals

Turn Today's Tax Refund into Tomorrow's College Education

Busy families need solutions. For some parents, the prospect of paying for their children’s future college education may seem out of reach. Student loan debt is skyrocketing and is now the second-highest debt Americans have behind their mortgage.* Not only that, but we as a country have accumulated nearly $1.5 trillion in overall student loan debt.** This means the average American spends approximately $393 every month towards paying off their student loan debt.*** Whew! Those are some staggering student loan statics. Is this what you want for your family? Of course not!  

Achieve Montana offers solutions that help families grow their college savings for their children’s future education. Why? Simply, Achieve Montana 529 plans are one of the most advantageous ways parents can save for higher education. 

Here Is What You Need to Know 

It is affordable. You can open an account for just $25.

You have options. Choose from a variety of plans. 

Get tax advantages that include a state income tax benefit. 

Grandma and Grandpa can contribute too. 

Children with college savings are six times more likely to go to college.**** 

Put That Tax Refund to Good Use 

It is never too late to save, but it is important to start now. The sooner you start saving for your child’s education, the more resources they will have for their future. Plus, what better way to get on the road towards financial savings than to use your tax refund to benefit your child’s higher education. 

Want to Learn More? 

For more information about Achieve Montana, call 877.486.9271 or visit 


Investing in Achieve Montana is an important decision for you and your family. Please carefully review and consider the Enrollment Kit available at before making an investment decision. It includes a Program Description that discusses investment objectives, risks, charges, expenses and other important information. 

If you are not a Montana taxpayer, before investing in Achieve Montana, you should consider the benefits of your home state's qualified tuition program. It may provide taxpayers with state tax and other benefits such as financial aid, scholarship funds and protection from creditors, that are only available through your home state's qualified tuition program. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances. Tax and other penalties may apply to non-qualified withdrawals. 

Except to the extent of the New York Life Insurance Company guarantee that is available for the Capital Preservation Portfolio and certain Year of Enrollment Portfolios, investment returns are not guaranteed, and you could lose money by investing in Achieve Montana.

Achieve Montana account owners who are Montana residents are entitled up to a yearly $3,000 deduction to adjusted gross income per taxpayer, in computing their Montana State income tax, or $6,000 for those married, filing jointly, based on contributions to Achieve Montana. Contributions may be subject to recapture in certain circumstances, such as a federal non-qualified withdrawal or withdrawals used to pay elementary or secondary school tuition, registered apprenticeship program expenses, qualified education loan repayments, or a withdrawal from an account that was opened within three years prior to the date of the withdrawal, as described in the Program Description (Recaptured Withdrawal). If the account owner is no longer Montana resident at the time of a Recaptured Withdrawal, we may withhold the potential recapture tax from the Recaptured Withdrawal. 

*What Is a 529 Plan? (2020, May 26). Achieve Montana. Retrieved 4 March 2021, from (as cited in Friedman, Student Loan Debt Statistics in 2018: A $1.5 trillion crisis). 

*** What Is a 529 Plan? (2020, May 26). Achieve Montana. Retrieved 4 March 2021, from (as cited in Board of Governors of the Federal Reserve System Report on the Economic Well-Being of U.S. Households in 2016- May 2017).

**** What Is a 529 Plan? (2020, May 26). Achieve Montana. Retrieved 4 March 2021, from (as cited in Washington University in St. Louis: Kids with Savings Accounts in Their Name Six Times More Likely to Attend College (2011)). 

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