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Fidelity Advisor 529 Plan
The Fidelity Advisor 529 Plan is sponsored by the state of New Hampshire and offers tax-advantaged savings that could help families save for higher education.
CHET Advisor 529 Plan
The CHET Advisor 529 Plan offers residents of Connecticut in-state tax benefits that help families and individuals in planning for the cost of higher education.
OklahomaDream 529 Plan
The OklahomaDream 529 Plan offers residents of Oklahoma in-state tax benefits while helping families save for qualified educational expenses.
529 Plan Benefits
Tax Advantages
Earnings grow tax deferred to pay for qualified expenses. The tax code also allows taxpayers to pay up to $10,000 per student per year in K–12 tuition.1,2
Control & Flexibility
The account owner can change the beneficiary of the account to a family member of the original beneficiary.3
Estate Tax and Gifting
Assets gifted to a 529 plan are considered immediately removed from the contributor's estate, which may reduce or eliminate estate taxes.
Position Yourself As an Expert
Offering a college savings plan may allow you to keep and attract clients looking for this service. Consider a 529 College Savings Plan to help you increase assets under management while positioning yourself as a trusted financial representative.
Special Report
2021 College Savings Indicator
Fidelity Investments' College Savings Indicator Study has been conducted on a regular basis since 2007. The study is designed to measure college savings behaviors, attitudes, and expectations of parents with children they intend to send to college.
View the report- 1. Up to $10,000 per taxable year in 529 account assets per beneficiary may be used for tuition expenses in connection with enrollment at a public, private, or religious elementary or secondary educational institution. Although the assets may come from multiple 529 accounts, the $10,000 qualified withdrawal limit will be aggregated on a per beneficiary basis. The IRS has not provided guidance to date on the methodology of allocating the $10,000 annual maximum among withdrawals from different 529 accounts.
- 2. The use of funds to pay for K-12 tuition up to $10,000, tax free, per year, or to pay for qualified expenses for registered apprenticeship programs, or to repay $10,000 in student loans are each subject to individual state adoption.
- 3. See an Offering Statement for more details on changing beneficiaries.
- Federal law requires that all investments in a 529 account be made in cash.
- Fidelity Investments & Pyramid Design and Fidelity Investments 529 College Rewards are registered service marks of FMR LLC.
- 529 Plan accounts are not insured by any state, federal government or any federal agency. Furthermore, neither the principal nor any investment return is guaranteed by any state, federal government or any federal agency.
- Please note that 529 plans may have certain fees and expenses including but not limited to annual maintenance fees, sales charges, deferred sales charges, administration, state, and management fees, and underlying fund expenses. Please consider these fees as well as the investment risks when investing in a 529 plan.
- Information provided is general (and educational) in nature. It is not intended to be, and should not be construed as, legal or tax advice. Fidelity does not provide legal or tax advice. Laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of this information. Consult an attorney or tax advisor regarding your specific legal or tax situation.
- If the designated beneficiary is not a New Hampshire, Oklahoma or Connecticut resident, you may want to consider, before investing, whether the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits, such as financial aid, scholarship funds, and protection from creditors.
- Units of the Portfolios are municipal securities and may be subject to market volatility and fluctuation.
- The Fidelity Advisor 529 Plan, OklahomaDream 529 Plan and CHET Advisor 529 Plan are offered by the state of New Hampshire, the state of Oklahoma and the state of Connecticut, respectively and managed by Fidelity Investments. If you are not a New Hampshire, Oklahoma or Connecticut resident, you may want to consider, before investing, whether your state offers a plan with alternate state tax advantages or other state benefits, such as financial aid, scholarship funds, and protection from creditors.
- The Fidelity Advisor 529 Plan, OklahomaDream 529 Plan and CHET Advisor 529 Plan are offered by the state of New Hampshire, the state of Oklahoma and the state of Connecticut, respectively and managed by Fidelity Investments. If your client or the designated beneficiary is not a New Hampshire, Oklahoma or Connecticut resident, your client may want to consider, before investing, whether their state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits, such as financial aid, scholarship funds, and protection from creditors.