(TFI) is the Plan Manager for several state 529 plans, and TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, is the distributor and underwriter for those plans. If funds aren't used for qualified education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Consult your legal or tax professional for tax advice. Investments in the TFI-managed 529 college savings plans are neither insured nor guaranteed and there is the risk of investment loss. Carefully read the Plan Description on each state's site, or call the college savings plan for assistance. Please refer to the Plan Description prior to investing for its investment objectives, risks, charges and expenses and whether your home state offers tax or other benefits such as financial aid, scholarship funds, or protection from creditors for investing in its own 529 plan. The 529 college savings plans listed above are offered and administered by the issuing state. Some of the assumptions in the tool are different from the assumptions then the calculations included in the College Savings Planning Calculator. Performance returns for actual investments will vary and may be reduced by fees and expenses. The calculations performed by the tool are hypothetical and are not intended to predict present or future values of actual investments or actual holdings. This analysis is provided for informational purposes only by TIAA-CREF Individual and Institutional Services LLC. In tracking the amount of funds that you have available to fund college, the tool considers the current value of the account or accounts that you assigned to fund your college for your dependents and the investment horizon. The tool uses a hypothetical 5% average annual rate of return to estimate your future returns and not a Monte Carlo simulation. The actual amount of the cost for college may be different from the estimates that the tool uses. The tool attempts to determine the costs associated with college and applies an estimate of future cost increases. The college savings tool on this website is offered to assist you with determining the approximate costs associated with college tuition for your dependents.
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