Plan Highlights

Plan Highlights

Give the financial freedom to pursue a higher education. At Allianz Global Investors, we understand how invested you are in your child or grandchild’s future, and have designed our college savings program — OklahomaDream 529 — to deliver significant advantages for college investors.

Only the OklahomaDream 529 Plan has all of the following benefits:

Allows up to $20,000 of contributions to be deducted from your Oklahoma taxable income annually ($10,000 for single filers). The contributor need not be the account owner to qualify for the deduction.
Contributions may be made up to April 15th to earn a deduction from Oklahoma income tax for the prior calendar year.
Amounts contributed and not deducted may be deducted in the succeeding five years. For example, a $120,000 contribution at once entitles the contributor to an annual $20,000 deduction for six years for joint filers.
Rollover contributions from other 529 college savings plans qualify for the Oklahoma tax deduction.
- Acceptance of contributions from individuals other than account owner — allowing assets to be accumulated faster and funding responsibilities to be shared.

Investment choice and flexibility
Everyone is different: we all have distinct goals, individual tolerances for risk and varying time horizons. That’s why OklahomaDream 529 allows you to choose from three types of investment options:

Six Age-Based investment portfolios automatically reallocate assets based on the child’s age.
Two Static Investment Portfolios enable you to tailor the account to your individual risk tolerance using the capital appreciation and capital preservation portfolios.
Twelve individual Investment portfolios allow you to invest in specific individual funds and construct a unique asset allocation plan.

Powerful benefits
OklahomaDream 529 offers an array of features to enhance how — and how much — you save.

Tax advantages — From tax-deferred growth to tax-free withdrawals.
Gifting and estate tax benefits — Investing for college can pay off for your estate plan as well.
Control and flexibility — You drive all decisions, from naming or changing the beneficiary, to investing the assets, to distributing the funds.

Financial
Advisors

NOTICE: OklahomaDream 529 Plan accounts are not insured by any state, and neither the principal deposited nor any investment return is guaranteed by any state. Furthermore, the accounts are not insured, nor the principal or any investment return guaranteed, by the federal government or any federal agency.

Before investing, you should consider whether your state of residency, or your intended beneficiary's state of residency, offers a state tax deduction or any other benefits that are only available for investments in that state's 529 program.

An investor should consider the investment objectives, risks, and charges and expenses of the OklahomaDream 529 plan before investing. This and other important information is in the Plan Disclosure Statement, which should be read carefully before investing, and which is available from your financial advisor or on this website.

Withdrawals from a 529 Plan for qualified expenses are free from federal income tax. Qualified expenses include tuition and fees, room and board, books and other supplies. Non-qualified withdrawals are subject to federal income tax and a 10% penalty tax on earnings, with some exceptions, and may also be subject to state tax.

Investment Products: NOT FDIC Insured | May Lose Value | No Bank Guarantee

The OklahomaDream 529 Plan is a Section 529 college savings plan sponsored by the state of Oklahoma and is managed by TIAA-CREF Tuition Financing Inc., and managed and distributed by Allianz Global Investors Distributors LLC, 1633 Broadway, New York, NY 10019-7585, 1-877-529-9299.