Treasurer Stacy Garrity today announced that fees for PA 529 Investment Plan (IP) accounts have been reduced for the third time in less than a year. This move aims to provide better investment choices and lower costs for families saving for education. The PA 529 Investment Plan is part of the state-sponsored college savings program, offering tax advantages for residents of Pennsylvania.
529 plans are education savings plans that family and friends can open for long-term growth and tax advantages. 529 plan tax benefits make them an attractive option for saving for education expenses. The PA 529 Investment Plan is one of many 529 plans available to help families save for college.
Some of the Best 529 Plans have lower fees and better investment choices. Find the Forbes Advisor list of the Best 529 Plans available to compare and choose the right one for your needs. These plans offer various investment options and potential for growth over time.
Morningstar's manager research analysts annually assign forward-looking, qualitative ratings to a majority of the 529 education savings plans. This helps investors make informed decisions about which plan to choose based on performance, fees, and investment options. Pennsylvania's PA 529 Investment Plan has received positive ratings for its competitive fees and strong investment lineup.
HARRISBURG — College savings and investment plans could get a big boost after lawmakers in the Pennsylvania House voted Wednesday to enhance the PA 529 Investment Plan. This move aims to make higher education more accessible and affordable for Pennsylvania residents. The PA 529 Investment Plan offers flexibility and tax advantages for saving for education.
A 529 plan is an investment account that offers a tax-advantaged way to save for college and other education costs. The best 529 plans have low fees, strong investment options, and potential for growth over time. Pennsylvania's PA 529 Investment Plan continues to improve its offerings to provide a competitive option for families saving for education.
28 December 2023- Pennsylvania's Treasury has grown in leaps and bounds in the last few years under the leadership of Treasurer Stacy Garrity. The reduction of fees for the PA 529 Investment Plan demonstrates the state's commitment to helping families save for education. Pennsylvania residents can take advantage of the tax benefits and investment opportunities offered by the PA 529 Investment Plan.
Compare the best 529 plans. We picked the best plans for college savings based on performance, low fees, and strong investment options. Pennsylvania's PA 529 Investment Plan is among the top choices for families looking to save for education. With reduced fees and competitive investment options, the PA 529 Investment Plan offers a valuable opportunity for long-term growth.
Morningstar Inc. announced its 529 medalist ratings on Thursday, with only Utah's my529 Plan and Pennsylvania's Pennsylvania 529 Investment Plan receiving the highest ratings. These plans are recognized for their strong investment options, low fees, and tax advantages. The PA 529 Investment Plan continues to be a top choice for families saving for education in Pennsylvania.
