TIAA-CREF Life may not comply with its obligations under the financing agreement for financial or other reasons. The assets of this investment option are allocated to a financing agreement issued as a policyholder by TIAA-CREF Life Company (“TIAA-CREF Life”), a subsidiary of TIAA-CREF Tuition Financing, Inc., as a policyholder. The financing agreement provides for a guaranteed minimum return on the amounts allocated to it by the investment option. The minimum effective annual interest rate shall at no time be less than 1% and shall not exceed 3%. The guarantee is paid by the insurance company to the policyholder and not to the account holders. In addition to the guaranteed interest rate for the policyholder, the financing agreement allows additional interest to be credited, as regularly reported by TIAA-CREF Life. The additional interest rate is declared in advance for a maximum period of 12 months and is not guaranteed for future periods. The current effective annual interest rate for the secured option, credited with KY Saves 529 until June 30, 2021, is 1.45%, subject to the solvency of TIAA-CREF Life Insurance Company. Since each portfolio of funds (with the exception of the main portfolio plus interest) invests in a single underlying fund, the performance of each portfolio of funds depends on the performance of the underlying fund. As a result, the performance of each portfolio of individual funds may be more volatile than investment portfolios invested in more than one underlying fund. Individual fund portfolios are aimed at account holders who want a more targeted investment strategy for all or part of their accounts. 529 ABLE accounts allow Americans living with disabilities to save money for college and other expenses on a tax-deferred account, without compromising their right to receive Medicaid, additional security income, or other public services.
Compare 529 plans that allow you to conclude a contract of 1 to 5 years of teaching, either on a fixed price or at a time. Select the features you want to compare and click Compare. The functions you have selected will be compared to all plans. You can select up to 3 functions simultaneously. (PRO subscribers can select up to 6). 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.