
CA Library Addresses April ScholarShare Form
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People also ask
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What is the average rate of return for ScholarShare 529?
Historical performance CategoryActive Growth PortfolioBenchmark 3 years 5.42% 5.49% 5 years 9.35% 9.01% 10 years 8.37% 7.96% Since inception 9.44% 8.79%2 more rows
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Is ScholarShare 529 a good plan?
Tax-advantaged growth potential ScholarShare 529 provides tax benefits for California families saving for college. Any earnings are tax-deferred, and withdrawals are tax-free when used for qualified higher education expenses. These tax advantages can add up and give your beneficiary an even bigger head start!
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What can you use ScholarShare money for?
Your ScholarShare 529 funds can be used at any accredited university in the country—and even some abroad. This includes public and private colleges and universities, apprenticeships, community colleges, graduate schools and professional schools. Up to $10,000 annually can be used toward K-12 tuition (per student).
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Is ScholarShare 529 legit?
ScholarShare 529 provides the maximum allowable 529 plan tax benefits available to California taxpayers. When you contribute to a ScholarShare 529, any account earnings can grow federal and California income tax-deferred until withdrawn.
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Who manages ScholarShare 529?
The ScholarShare Investment Board sets investment policies and oversees all activities of ScholarShare 529, the state's 529 college investment plan.
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Does ScholarShare 529 have fees?
ScholarShare 529 expenses are less than half the national average for 529 plans. You pay no sales charges, start up or maintenance fees.
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Who offers California 529 plans?
California's ScholarShare 529 is available to residents of any state. It offers a variety of investment options from TIAA-CREF, T. Rowe Price, Vanguard and others.
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Are 529 plans worth it in California?
State tax benefits for California residents: While California does not provide a state income tax deduction for contributions to a 529 plan, the earnings within the plan still grow tax-deferred at the federal level. This tax-deferred growth can be beneficial when used for qualified education expenses.
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