ScholarShare: California's 529 College Savings Program
January 30, 2013 2:03:05 PM PST
Learn about California's 529 Plan, which allows your after-tax contributions for college costs to grow tax-deferred. Read the benefits and advantages of getting started.
The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc, is the Plan Manager. Earnings grow tax-deferred, and distributions for qualified higher education expenses are tax-free.
UCSD employees can make automatic payroll deductions, and the money can be used at accredited colleges, vocational-technical schools, and eligible foreign institutions.
- Earnings on after-tax contributions grow tax-deferred
- No federal or state taxes on qualified distributions
- Wide range of investment options
- High contribution limits
For more information, contact TIAA-CREF at (800) 544-5248.