Today, the Nevada State Treasurer’s Office announced a partnership with J.P. Morgan Asset Management on Future Path 529 Plans. Nevada’s 529 plans are college savings accounts that allow parents to invest in their child’s future education. Funds invested in 529 accounts grow on a tax-deferred basis and distributions from the plan are not taxed as long as they are used for qualified educational expenses. Qualified education expenses include costs for items such as tuition, fees, books, supplies and room and board at eligible colleges, universities, community colleges and trade schools; student loan payments; apprenticeships; computers; and even K-12 education expenses.
Benefits of the Future Path 529 Plan include waived annual account fees for Nevada residents. Parents and guardians interested can open an account with as little as $15 with no enrollment fee within minutes and may qualify for the Silver State Matching Grant program.
“Saving for education is an investment in a child’s future, and J.P. Morgan Asset Management shares our commitment making it easy and convenient for students and families,” said Nevada State Treasurer Zach Conine. “We are excited for this partnership to bring the unique benefits of the Future Path 529 Plan to families across the state.”
or more information on the Future Path 529 plan, please visit nvigate.gov/programs/nevadas-529-plans.