TIAA-CREF Life may not meet its obligations under the financing agreement for financial or other reasons. The assets of this investment option are used in a financing contract of the TIAA-CREF Life Insurance Company (TIAA-CREF Life) which is a subsidiary of TIAA-CREF Tuition Financing, Inc. to KHEAA as an insurance taker. The financing agreement provides a guaranteed minimum return for the amounts allocated to it by the investment option. The effective minimum interest rate will never be less than 1% or more than 3%. The guarantee is paid by the insurance company to the policyholder and not to the account holder. In addition to the guaranteed interest rate for the policyholder, the financing agreement allows for additional interest at regular intervals by TIAA-CREF Life. The rate of any additional interest is indicated in advance for up to 12 months and is not guaranteed for future periods. The current effective annual effective rate of the guaranteed option, credited with KY Saves 529 until June 30, 2021, is 1.45%, subject to the ABILITY to pay the receivables of the life insurance company TIAA-CREF. Compare only 529 plans where investors buy directly from the plan manager. You need to rely on your own research to identify your best options, or you can hire a paid financial planner. These plans are approved and controlled by each state and managed by professional investment firms.
There are no sales charges for these plans. Compare only 529 plans sold through financial advisors. Using an advisor means that you receive advice and expertise from an investment professional, but this may mean that you pay a sales fee or other fees that are used to compensate the advisor. Prepaid plans allow you to pay in full or in part in advance for the cost of state higher education. They can also be converted for use in private or extra-state universities. Private College Plan 529 is a separate prepaid plan for private colleges. There are two types of prepaid plans: contract plans and unit plans. Compare 529 plans that allow you to purchase tuition “units” that can be credited or hours. Asset portfolios are subject to the risks of the underlying funds, including capital loss.
The guaranteed option is designed to preserve capital and achieve a stable return. Savingforcollege.com offers three tools to compare 529 plans on features that are important to you. Whether you`re a parent looking for a user-friendly tool to find 529 plans with low rates or high grades, or a financial professional looking for an all-in-one tool that helps you recommend a portfolio of plan 529 and investment ideal for your client, we`re here for you. Choose the 529 plan comparison tool that is up to you at their choice. Because each fund portfolio (with the exception of the Principal Plus Interest portfolio) invests in a single core fund, the performance of each portfolio depends on the performance of its underlying fund. As a result, the performance of each of these fund portfolios may be more volatile than investment portfolios that invest in more than one underlying fund. The different fund portfolios are aimed at account holders who want a more targeted investment strategy for all or part of their accounts.