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Frequently Asked Questions about the Arizona College Savings Plan. ... Yes, you can. This type of transfer is called a rollover. Under federal tax laws, you are allowed one rollover of a 529 plan account during any 12-month period for each beneficiary. To roll over an account, you will need to open an AZ529 account, then complete a Rollover ...

The State of Arizona has authorized the two financial institutions listed below to offer two distinct product options for the Arizona 529 College Savings Plan. Fidelity Investments offers direct-sold plans which allow you to open an account yourself. The Goldman Sachs 529 plan can be opened for you by your financial advisor.

The AZ529, Arizona's Education Savings Plan is a tax advantaged 529 plan open to both residents and nonresidents. The plan's sponsored by the Arizona Commission for Postsecondary Education and managed by Fidelity. ... Help to grow your college savings account with unlimited 2% cash back on every eligible net purchase. 2. What is a 529 plan?

AZ529 | Arizona's Education Savings Plan. AZ529 is a state-sponsored savings plan designed to provide a parent, grandparent or future student an opportunity to save for educational expenses in a tax-deferred manner. AZ529 Plan savings can be used to pay for college, vocational and workforce training, apprenticeships and private K-12 education.

Savings in an AZ529 plan are free from federal income tax, and withdrawals remain tax-free when used for qualified education expenses. Contributions to an AZ529 Plan can be deducted from your Arizona state income taxes of up to $4,000 per beneficiary for a married couple filing jointly or up to $2,000 per beneficiary for single filers.

The Arizona Family College Savings Plan is the name of the other of Arizona's 529 Plan. This plan offers a banking and savings account approach to college savings - with no risk, but low growth. This program only offers short term CD options, or a high yield savings account .

Best 529 College Savings Plans. FDIC-Insured - Backed by the full faith and credit of the U.S. Government ... << Important Information About Your AZ529 Bank Plan Account >> Beginning 11/30/2022, CSB will begin a Program Transition. ... Click here to access AZ529 Arizona’s Education Savings Plan—Bank Plan Disclosure Statement Amendment ...

The UNIQUE College Investing Plan, U.Fund College Investing Plan, DE529 Education Savings Plan, AZ529, Arizona's Education Savings Plan, and the Connecticut Higher Education Trust (CHET) 529 College Savings Plan - Direct Plan are offered by the state of New Hampshire, MEFA, the state of Delaware, and the state of Arizona with the Arizona State ...

AZ529, Arizona's Education Savings Plan is a Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Connecticut, Delaware, Massachusetts and New Hampshire. It features three age-based options; one using Fidelity Series actively managed funds; one using Fidelity Series index funds; and a third using a combination of the two. The plan also offers 10 static options, one ...

The Arizona 529 Plan is a college savings plan named after Section 529 of the Internal Revenue Code sponsored by the State of Arizona. The 529 Plan is designed to provide a parent, grandparent, or anyone else an opportunity to save for a child’s educational dreams within a tax-deferred savings vehicle. ... If the account owner wanted to make ...

As you get ready to open your 529 account, decide on an investment plan that works best for you. Our 529 investment programs offer options for every type of investor. ... Arizona's Education Savings Plan, is offered by the state of Arizona with the Arizona State Treasurer's Office as the Plan Administrator and the Arizona State Board of ...

The Bank Plan is sponsored by the State of Arizona and administered by the Arizona State Treasurer’s Office (ASTO).The Arizona State Board of Investment (BOI) is Trustee of the Trust. College Savings Bank, a Division of NexBank (CSB) serves as Service Manager for the Bank Plan.CSB provides recordkeeping and administrative services with overall responsibility for the day-today operations.

The AZ529 Bank Plan no longer solicits or accepts new investors (as of 11/1/ 2021) nor allows contributions from current account owners to their existing accounts (as of 2/1/2022). Beginning 11/30/2022, CSB will begin a Program Transition. The below links contain important information about the transition and the impact to AZ529 Bank Plan accounts.

Arizona College Savings Plan account can potentially help you grow your savings so that you can be ready to pay when your child is ready to go to college. The Fidelity Arizona College Savings Plan Advantage OVERVIEW For parents, grandparents, or anyone with education goals for a loved one, a Fidelity

Direct-Sold programs offer families the option to enroll in a 529 Plan directly, without going through a financial advisor. The Arizona 529 Plan’s direct-sold programs include Fidelity Investments and College Savings Bank. Families can easily enroll online or have a representative answer their questions and walk them through the process by phone.

The Fidelity Arizona College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses. ... Fixed Rate CD, or or HONORS 529 savings account, which is a high yield savings account. Type: Direct. Fund Family: n/a. Minimums: Get started with a ...

These are: Fidelity Arizona College Savings Plan; Ivy InvestEd 529 Plan (available only through a financial advisor); and College Savings Bank, which offers FDIC insured savings accounts and certificates of deposits (CD’s). With these options, you can choose the plan that best fits your unique investment goals and preferences.

Effective Nov. 1, 2021, College Saving Bank will no longer be accepting new accounts or the purchase of new products for the AZ529, Arizona’s Education Savings Plan. Additionally, no deposits to existing accounts will be accepted after Feb. 1, 2022.

Fidelity Arizona College Savings Plan (529 Plan) Account Application p. 2 of 6 1 ACCOUNT SETUP (CONTINUED) Employment status Employed Not employed Retired Occupation (if retired or not employed, indicate source of income) Self-Employed If you are self-employed and your company corporate address is the same as your legal home address, ...