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Learn how a Franklin Templeton 529 plan offers a flexible, convenient, and trusted way to invest for your child's education.
Investing for education takes a long-term plan with clear objectives. Use our College Planning Calculator to help you compare different approaches.
Franklin Templeton has an investment strategy designed to meet your college savings needs. Learn about the different available options.
An exclusive crowdfunding tool that is used by 1000's of Franklin Templeton 529 account owners.
A SSN/Tax ID number, U.S. address, email address, date of birth, checking or savings account number, and a bank routing number.
People have different approaches to saving for education. Franklin Templeton offers a variety of solution to help meet your individual needs.
Discover strategies to help you save for education, including starting early, investing regularly and asking friends and family for help.
Franklin Templeton has an investment strategy designed to meet your college savings needs. Learn about the different options.
Setting up an automatic investment plan can help you reach your savings goals. Learn how easy it is to make additional contributions.
Learn about the many ways friends and family can help your education savings efforts.
See how you can contribute to a Franklin Templeton 529 plan at work.
An exclusive crowdfunding tool that is used by 1000's of Franklin Templeton 529 account owners.
Access forms for transactions as an existing or prospective NJBEST account owner.
529 plans are just one piece in the puzzle of paying for education. Learn more about the financial aid process and other funding options.
Learn about the many ways friends and family can help your education savings effort.
If you are ready to use your savings, find the best option that works for you.
Access forms for transactions as an existing or prospective NJBEST account owner.
If you are ready to use your savings, find the best option that works for you.
529 plans are just one piece of the puzzle of paying for education. Learn more about the financial aid process and other funding options.
Life happens. When it does, access these forms to help make changes to your Franklin Templeton 529 account.
Over a lifetime, families go through many phases. For each, there are unique challenges and opportunities. We want to help you prepare for these moments.
The College Savings Foundation survey of American families revealed that there are five successful strategies for saving for college. Find out what you can do today to prepare for your child's future
Explore 529 resources and reasons why investors, like you, use Franklin Templeton's 529 College Savings Plan.
Learn why a Workplace 529 employee benefit may be right for you
The fund and interactive way friends and family can make contributions toward a 529 college savings plan.
For more questions and answers, please see our full FAQ page.
You can open a Franklin Templeton 529 College Savings Plan with as little as $25. The maximum aggregate plan balance per beneficiary is $305,000.1
Yes! The money in your Franklin Templeton 529 College Savings Plan account can be used at a wide range of schools. In fact, money if your 529 account can be used at most accredited two- and four-year colleges and universities and vocational schools, including many outside the U.S., as well as certified apprenticeships.
Additionally, up to $10,000 per year per beneficiary can be used for tuition for eligible public, private and religious primary and secondary educational institutions (K-12). At this time, it is not clear what, if any, expenses will be regarded as “tuition” in the case of public schools.2
Absolutely. The account owner--not the beneficiary--controls how and when plan assets are spent for higher education expenses.1
Yes, the account owner can change the beneficiary at any time. To avoid taxes, however, the new beneficiary must be a member of the previous beneficiary's family (including children, grandchildren, siblings, spouses, nieces and nephews, aunts and uncles, cousins and in-laws).1
Yes, the account owner may reallocate the assets in their plan twice each calendar year or whenever they change the account beneficiary.1
The account owner can select a new beneficiary but he or she must be a member of the previous beneficiary's family.1
Tax benefits are conditioned on meeting certain requirements. Federal income tax, a 10% federal tax penalty, and state income tax and penalties may apply to nonqualified withdrawals of earnings. Generation-skipping tax may apply to substantial transfers to a beneficiary at least two generations below the contributor. Gift examples are general; individual financial circumstances and state laws vary—consult a tax professional before investing. If the contributor dies within the five-year period, a prorated portion of contributions may be included in their taxable estate. See the Investor Handbook for more complete information.
The information provided above is based on our current understanding of federal tax laws and regulations and interpretations and guidance by the Internal Revenue Service, which are subject to change.
Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook, which contains this and other information, call Franklin Templeton Distributors, Inc., the manager and underwriter for the plan, at (800) DIAL BEN® / (800) 342-5236. You should read the Investor Handbook carefully before investing and consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.
This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax professional, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial professional.
See the Investor Handbook, for more information on Franklin Templeton 529 College Savings Plan, including sales charges, expenses, general risks of the Plan, general investment risks and specific risks of investing in Plan portfolios, which can include risks of convertible securities; country, sector, region or industry focus; credit; derivative securities; foreign securities, including currency exchange rates, political and economic developments, trading practices, availability of information, limited markets and heightened risk in emerging markets; growth or value style investing; income; interest rate; lower-rated and unrated securities; mortgages, asset-backed and credit-linked securities; life settlement investments; restructuring and distressed companies; securities lending; smaller and midsize companies; and stocks.