Achieve Montana is here for you — today and for all the tomorrows to come
There are a lot of things competing for your attention these days. School closings, social distancing, empty shelves where the toilet paper should be, and, of course, the roller-coaster ride the stock market is taking. It can feel overwhelming and you might be thinking that saving for your child’s future education is something you can put aside for now. That’s understandable, and Achieve Montana is here to remind you that no matter how crazy today is, tomorrow will be here eventually, and if you commit to saving for your child’s education now, you can help ensure a solid future. Remember, time is on your side. You will have years before you will need to access the savings account for your child’s education.
As the official 529 plan for Montana, Achieve Montana strives to make saving for a higher education simple. Parents, grandparents, and others can use an Achieve Montana account as an affordable and effective way to save for the future education of their children, grandchildren, nieces, and nephews. Since there is no single strategy that meets everyone’s needs, Achieve Montana accounts have generous contribution limits and a range of attractive investment options. Investments have immediate tax benefits, and accounts can be opened with as little as $25 ($15 with payroll direct deposit, where available). And, since being a parent doesn’t happen during 9-5 business hours, neither does your ability to manage your account. You can do almost everything online, including making contributions, reallocations, qualified withdrawals, update account information, and more.
You don’t even have to make any decisions about what your child wants to be when they grow up or where they want to go to school. An Achieve Montana account provides benefits for a variety of educational needs. The assets in your 529 account can help pay for tuition, fees, books, supplies, equipment, and certain room and board costs, at any eligible 2- or 4-year college, vocational/technical school, qualified career-retraining school, or graduate school anywhere in the country.
We have the expertise and resources to help make saving simple even in these complicated times.
Visit AchieveMontana.com or call 1-877-486-9271 for more information.
Investing in Achieve Montana is an important decision for you and your family. Please carefully review and consider the Enrollment Kit available at AchieveMontana.com before making an investment decision. It includes a Program Description that discusses investment objectives, risks, charges, expenses and other information that are important for you to consider.
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. Taxes and other penalties may apply to non-qualified withdrawals. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. In addition, you should periodically assess, and if appropriate, adjust your Section 529 Plan investment choices with your time horizon, risk tolerance and investment objectives in mind.
Achieve Montana is sponsored by the State of Montana and administered by the Montana Board of Regents of Higher Education, as sole trustee of the Montana Family Education Savings Trust (Trust). Ascensus College Savings Recordkeeping Services, LLC provides program management, recordkeeping and administrative support services for Achieve Montana. The Vanguard Group, Inc. and Dimensional Fund Advisors LP each serve as investment managers for the underlying mutual funds comprising Achieve Montana’s portfolios. New York Life Insurance Company serves as manager of Achieve Montana’s Capital Preservation Portfolio. Except to the extent of the New York Life Insurance Company guarantee that is available for the Capital Preservation Portfolio, investment returns are not guaranteed, and you could lose money by investing in Achieve Montana.