Savings for College

Saving for Education

A Brief History

For several decades, American families have acknowledged both the value of an education and the escalating price of college tuition. Education is integral to the success of our children and grandchildren, and while paying for college could be one of the largest expenditures you will incur, it just might be the best investment you ever make. That is why it is important to start saving early, and a 529 plan is a great savings option to help you achieve your college savings goals.

Named after the section of the Internal Revenue Code that created them, 529 plans are designed specifically to save for college, offering various tax benefits and other important features such as estate planning and gifting benefits. It's important to remember that these and other benefits may be conditioned on meeting certain requirements.

529 Timeline

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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.