People have different approaches to saving for education.
NJBEST offers a variety of solutions to help meet your needs.
So you want to open a 529 savings account, but you aren’t able to contribute a large sum of money. That’s ok. Any amount helps. Or are you unsure whether your child will go to college? NJBEST is flexible. Savings can be used for a wide range of schools, including trade schools, or can be transferred to another beneficiary in your family.
So you want to open a 529 savings account, but you aren’t able to contribute a large sum of money. That’s ok. Any amount helps. Or are you unsure whether your child will go to college? NJBEST is flexible. Savings can be used for a wide range of schools, including trade schools, or can be transferred to another beneficiary in your family.
You know that college is important. You are also aware that it can be expensive. That is why you are ready to start saving. But first, you want to know how much you need to save.
Already saving with another 529 plan? NJBEST offers special tools and resources designed particularly for New Jersey families. Consider saving with NJBEST now.
Already saving with another 529 plan? NJBEST offers special tools and resources designed particularly for New Jersey families. Consider saving with NJBEST now.
Nonqualified withdrawals are subject to federal income tax, a 10% federal tax penalty, state income taxes and possible penalties.
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 (877) 4NJ-BEST. 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 advisor, investment professional or insurance agent. Before making any financial commitment regarding a Section 529 college savings plan, consult with the appropriate financial advisor.
NJBEST New Jersey’s 529 College Savings Plan is offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Templeton Distributors, Inc., an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton Investments. No federal or state guarantee. Principal value may be lost, and investing in the plan does not guarantee admission to any particular primary or secondary school or to college or sufficient funds for primary or secondary school or for college. Please refer to the Investor Handbook for more complete information.
See the Investor Handbook for more information on NJBEST 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.