contribution $20,000 if married filing $6,000 per beneficiary if $16,000 if married filing jointly married filing joint combined Maximum state income $500; $147 per beneficiary; $480; tax savings $1,000 if married filing $294 per beneficiary if $960 if married filing jointly married filing joint combined Where contribution can Only to an Illinois 529 To any state’s 529 plan To any state’s 529 plan be made plan Lowest risk investment Money Market Portfolio Money Market Portfolio Vanguard Interest option Accumulation Portfolio Conservative (i.e., Index Fixed Income Total Bond Market Vanguard Conservative some risk) fund Portfolio Index Portfolio Income Portfolio invested in bonds Conservative (i.e., Index Age-Based Conservative Track: Age Conservative Age-Based some risk) age-based Portfolio Based Option fund invested in stocks and bonds
contribution $20,000 if married filing jointly $6,000 per beneficiary if married filing joint $16,000 if married filing combined Maximum state income tax savings $500; $1,000 if married filing jointly $147 per beneficiary; $294 per beneficiary if married filing joint $480; $960 if married filing combined Where contribution can be made Only to an Illinois 529 plan To any state’s 529 plan To any state’s 529 plan Lowest risk investment option Money Market Portfolio Money Market Portfolio Vanguard Interest Accumulation Portfolio Conservative (i.e., some risk) fund invested in bonds Index Fixed Income Portfolio Total Bond Market Index Portfolio Vanguard Conservative Income Portfolio Conservative (i.e., some risk) age-based fund invested in stocks and bonds Index Age-Based Portfolio Conservative Track: Age Based Conservative Age-Based Option
529%20Moehrle%20and%20Geisler%20Sent%20to%20the%20Asset.docx