529 College Savings Plan
College is expensive. Paying for it can be easier with a 529 college savings plan. 529 college savings plans are state-sponsored, named after Section 529 of the Internal Revenue Code.
The Learning Quest� 529 Education Savings Program, established by the state of Kansas, is professionally managed by American Century Investments. The program combines:
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Tax benefits at the federal and Kansas state level. |
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Freedom to choose how you invest. |
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Broad eligibility, high maximum account balance and affordable minimums. |
Consider the benefits of investing in a Learning Quest account.
Investing Benefits
| Learning Quest features include: |
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Investment choices include age-based tracks and static portfolios. |
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Professional program management from American Century Investments |
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Ability for parents, grandparents and others to invest for a child�s education; anyone can open or contribute to a Learning Quest account. |
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Minimums starting as low as $25 per month (for Kansas residents) and a maximum account balance of $290,000 per beneficiary. |
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As the owner of a Learning Quest account, you maintain control of the money in the account � even after withdrawals begin. |
Tax Benefits
| Learning Quest is a tax-friendly way to invest for a college education. |
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Earnings grow on a tax-deferred basis at the federal and Kansas state levels. |
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Kansas taxpayers receive an annual adjusted gross income deduction of up to $3,000 ($6,000 if married, filing jointly) for their contributions per beneficiary, per year. |
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The earnings portion of withdrawals used to pay for qualified education expenses is tax free at the federal and Kansas state levels.* |
http://www.americancentury.com/spotlight/lqspot/index.jsp |
