529 Savings Plans & Other Savings Options

Let CollegeInvest help you better understand your college savings options and the differences between plans.

Compare savings options quickly and easily in the college savings options comparison chart.

CollegeInvest 529 College Savings Plans
Coverdell Education Savings Account (ESA)
Education Bond Program (U.S. Savings Bonds)
Roth Individual Retirement Account
Uniform Trust/Gift to Minors Act Account (UTMA/UGMA)
Life Insurance

Each of these savings options have their own specific benefits, limitations, rules and guidance. Carefully read any disclosure statements and detailed information relative to your investment goals or needs, or consult with a tax advisor for their specific tax applications or consequences.

1 Contributions to the Plan(s) are deductible from Colorado state income tax in the calendar year of the contribution, up to your Colorado taxable income for that year.  Such deductions are subject to recapture in subsequent years in which non-qualified withdrawals are made.

2 The earnings portion of a non-qualified withdrawal is subject to federal income taxes and any applicable state income tax, as well as an additional 10% federal penalty tax. Contributions for which a Colorado income tax deduction was taken are subject to recapture in subsequent years in which non-qualified withdrawals are made.

Important Considerations
To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the program’s benefits and potential tax advantages, please read and consider carefully the Plan Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan. Administered and issued by CollegeInvest.

CollegeInvest and the CollegeInvest logo are registered trademarks of CollegeInvest.